question archive The difference between the observed value and the predicted value for a particular variable (residual) can be used to estimate how far the prediction lies from the actual observed data
The difference between the observed value and the predicted value for a particular variable (residual) can be used to estimate how far the prediction lies from the actual observed data
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The difference between the observed value and the predicted value for a particular variable (residual) can be used to estimate how far the prediction lies from the actual observed data. Consider that we know that this difference is 1.1 for a particular data point, y=2.1. What is the corresponding predicted value, ?? (only round final answer to 2 decimal places)
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Predicted value is 1.00
Step-by-step explanation
Data given
Residual =1.1
Observed value=2.1
Residual = Observed value - predicted value
Predicted value=Observed value-Residual
=2.1-1.1
=1
Predicted value is 1.00
