Asked by
Ghazal Manzoor Shaikh
on Nov 23, 2024
Verified
Residuals are the deviations between the observed values of y and their predicted values 
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Observed Values
The actual values that are measured or collected during an experiment or survey.
Predicted Values
In statistics, these are the estimated outcomes based on a regression model or other predictive model.
- Understand the importance of residuals in regression analysis and their role in indicating the discrepancies between observed and predicted values.
Verified Answer
AP
Learning Objectives
- Understand the importance of residuals in regression analysis and their role in indicating the discrepancies between observed and predicted values.