The residuals are observations of the error variable .Consequently,the minimized sum of squared deviations is called the sum of squared error,labeled SSE.

Name: The residuals are observations of the error variable .Consequently,the minimized sum of squared deviations is called the sum of squared error,labeled SSE.
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Question

The residuals are observations of the error variable  .Consequently,the minimized sum of squared deviations is called the sum of squared error,labeled SSE.

Quizplus · Accepted Answer

The statement is correct, as residuals are indeed the observations of the error variable and the sum of squared deviations is minimized to obtain the sum of squared error (SSE).

The Residuals Are Observations of the Error Variable