The difference between the observed value of the dependent variable and the value predicted by using the estimated regression equation is the
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Solution 1
The difference between the observed value of the dependent variable and the value predicted by using the estimated regression equation is known as the "residual" or "error".
Here are the steps to understand this:
- In a regression analysis, we have a dependent variable (also known as the outcome Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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