Consider the regression equation 
and the data below: 
Compute the residuals (error terms)for period 6 and 7.
Definitions:
Response Variable
The variable that measures the outcome of interest in a study, often influenced by explanatory variables.
Independent Variables
Variables that are manipulated or changed in an experiment to see if they affect an outcome.
Multiple Regression
A mathematical method that utilizes multiple predictor variables to forecast the result of a dependent variable.
Independent Variables
Variables in an experiment or model that are manipulated or categorized to determine their effect on a dependent variable.
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