SOLUTION: Consider the following linear regression prediction equation: Y = 12 + -1x. If the predicted value of Y for an observation is 5, calculate the residual for an observation where the

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Question 981392: Consider the following linear regression prediction equation: Y = 12 + -1x. If the predicted value of Y for an observation is 5, calculate the residual for an observation where the observed value of Y is equal to 9.
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
The residual is the difference between the observed value of Y and the Y value predicted by the equation.
R=9-5
R=4