The residual is defined as the difference between the actual and predicted,or fitted values of the response variable.

Name: The residual is defined as the difference between the actual and predicted,or fitted values of the response variable.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

The residual in a statistical or machine learning model is the difference between the observed (actual) value of the target variable and the value predicted by the model, indicating the error in the prediction.

The Residual Is Defined as the Difference Between the Actual