In regression analysis, a careful study of the differences between observed and estimated y values, given x (in order to decide whether crucial assumptions are fulfilled that allow valid inferences about the true regression line to be made from an estimated regression line) is called residual analysis.

Question

In regression analysis, a careful study of the differences  between observed and estimated y values, given x (in order to decide whether crucial assumptions are fulfilled that allow valid inferences about the true regression line to be made from an estimated regression line) is called residual analysis.

Quizplus · Accepted Answer

This statement accurately describes residual analysis in regression analysis.

In Regression Analysis, a Careful Study of the Differences