Examlex
Banks can increase their operating efficiencies by:
Residual
The difference between observed values and expected values in statistical models, indicating the error in predictions.
Linear Model
A statistical model that assumes a linear relationship between the input variables (predictors) and the single output variable.
Regression Analysis
A statistical method used to model the relationship between a dependent variable and one or more independent variables.
Residuals Plot
A graphical representation of the residuals (the differences between observed and predicted values) in a regression analysis, used to assess the fit of a model.
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