The Vertical Distance from a Point to the Regression Line

question 13

Multiple Choice

The vertical distance from a point to the regression line is the ____.

• A)error term
• B)regression coefficient
• C)β value
• D)slope

---

Definitions:

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used for most general and financial purposes.

Fiscal Year

A 12-month period that a company or government uses for accounting purposes and preparing financial statements.

Cash Basis

An accounting method where revenues and expenses are recorded when they are actually received or paid, not when they are incurred.

Generally Accepted Accounting Principles

A set of accounting standards, principles, and procedures that companies use to compile their financial statements.