The difference between the observed outcome and the corresponding point on the regression line for a given observation is a:
A) regression line prediction.
B) heteroskedasticity.
C) residual.
D) mean squared error.

Question

Quizplus · Accepted Answer

The difference between the observed outcome and the corresponding point on the regression line is the residual, which is the measure of the distance between the observed values and the values predicted by the regression model.

The Difference Between the Observed Outcome and the Corresponding Point