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Home/Predicted Values

Tag: Predicted Values

How to Find Residuals Using the Data Analysis ToolPak in Excel

By Kanda Data / Date Jul 08.2024 / Category Econometrics

Residuals are the differences between the observed values of the dependent variable and the predicted values from the dependent variable. Residuals are an important measure in inferential analysis, particularly in regression analysis. Given the importance of residuals, we will discuss how to find residual values using Excel.

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