A standardized residual equal to -2.205 indicates:
A)a rather poor prediction.
B)an extreme outlier in the residuals.
C)an observation with high leverage.
D)a likely data entry error.

Question

Quizplus · Accepted Answer

A standardized residual of -2.205 suggests that the prediction is not very accurate, as it is more than 2 standard deviations away from the mean, indicating a poor prediction. However, it is not extreme enough to be considered an outlier or indicative of a data entry error.

A Standardized Residual Equal to -2.205 Indicates