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Home/Archive for: September 12, 2023

Day: September 12, 2023

Econometrics

Definition and Purpose of Determining Residual Values in Linear Regression Analysis

By Kanda Data / Date Sep 12.2023

In linear regression analysis, residual values play a crucial role. The residual value is the difference between the actual and predicted Y values. The actual Y value can be obtained from observations or samples of the dependent variable.

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