A poor prediction (large residual) indicates an observation with high leverage.

Name: A poor prediction (large residual) indicates an observation with high leverage.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

A poor prediction (large residual) does not necessarily indicate an observation with high leverage. High leverage points are observations with extreme predictor (X) values, while large residuals indicate a large difference between observed and predicted values of the response variable (Y), regardless of the predictor values.

A Poor Prediction (Large Residual) Indicates an Observation with High