The Distance Between the Y Value in the Data and the Y

question 29

Multiple Choice

The distance between the Y value in the data and the Y value predicted from the regression equation is known as the residual.What is the value for the sum of the squared residuals?​

• A)​SS_residual = r²(SS_X)
• B)​SS_residual = (1 - r²)(SS_X)
• C)​SS_residual = r²(SS_Y)
• D)​SS_residual = (1 - r²)(SS_Y)

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Definitions:

Interest

The cost of borrowing money or the payment received for the use of money, typically expressed as an annual percentage rate.

Original Principal

The initial amount of money borrowed or invested, not including any interest or earnings.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, thereby eroding purchasing power.

Future Date

A specified time in the future, often used in the context of planning, forecasting, or setting deadlines.