Question: Consider a simple regression line given by the equation: y i = 3 + 2x i Given this, what is the residual for an observation
Consider a simple regression line given by the equation:
yi = 3 + 2xi
Given this, what is the residual for an observation where yi= 6 and xi = 2?
a)1
b)-1
c)-2
d)3
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
