Step 1: estimate Y
Step 2: subtract estimate from Y
Step 3: residual equals square value of difference from step 2.
A simple linear regression analysis resulted in b0 = 40 and b1 = 3.
If one of the observations in your
data set has a value of Y=14 and X=8, what is the residual for this observation?
Step 1: estimate Y
Step 2: subtract estimate from Y
Step 3: residual equals square value of difference from step 2.
Stop cowardice, ban guns!
How did you get 4?
I don't have emotions and sometimes that makes me very sad.
y-hat = B0 + B1(X1); or
Y estimate = Bo + B1(X1 value)
Stop cowardice, ban guns!
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