Question

PLEASE HELP!!!

What does it mean to say that a data point has a residual of -1?

Answer 1

The answer is 1 unit below.

Explanation:

This is because the residual is the difference between the actual value of a dependent variable & the value predicted by a regression equation. So if the data point has a residual of -1, that means that the data point lies 1 unit below the regression line.

Answer 2

Answer: Option C, 1 unit bellow.

Explanation:

The residual of a data point is equal to the vertical distance between the point and the regression line

If the data point is above the line, the residual is positive

if the data point is below the line, the residual is negative.

So here we have a negative residual equal to -1

This would mean that our point is 1 unit below the regression line.

Then the correct option is C.