A residual is the difference between the observed value of Y_iand the value predicted by the regression equation, Y^{^}_i.

Name: A residual is the difference between the observed value of Y i and the value predicted by the regression equation, Y ^ i .
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A residual is calculated as the observed value minus the predicted value from the regression model, representing the error or deviation of the prediction from the actual observation.

A Residual Is the Difference Between the Observed Value of Yi

A Residual Is the Difference Between the Observed Value of Y_i