Question: Consider the output of a regression using one explanatory variable on (n=3) observations. The residuals and leverages are: Compute the PRESS statistic. i 1 2

Consider the output of a regression using one explanatory variable on \(n=3\) observations. The residuals and leverages are:

i 1 2 3 Residuals ei Leverages hi 3.181 -6.362 3.181 0.8333
Compute the PRESS statistic.

i 1 2 3 Residuals ei Leverages hi 3.181 -6.362 3.181 0.8333 0.3333 0.8333

Step by Step Solution

3.50 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

PRESSPredicted Residual Sum of Squares FORMULA OF PRESS PRESS i n ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Elementary Statistics A Step By Step Approach Questions!