Question: I'm doing the excel multiple linear regression and I encountered the problem which asked me to estimate the mean squared residual or sum squared residual
I'm doing the excel multiple linear regression and I encountered the problem which asked me to estimate the mean squared residual or sum squared residual 2 and I get this as the result 5.904876068.
Will it be okay if I interpret it as "The data which indicated mean squared of residuals in the Anova table shows 5.9048, which is considerably good enough to be labeled as line of best fit. We can assume that the sample given do reflects the variance of population." or do I have to make another interpretation?
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