Question

The difference between a actual value and the estimate is called: *​

Answer 1

Explanation:

The difference between the actual value or observed value and the predicted value is called the residual in regression analysis

Answer 2

The difference between a actual value and the estimate is called residual regression analysis.

Definition of Residual Regression analysis;

Residual Regression analysis- the number obtained from the actual and the estimated or observed value.

Features of Residual Regression analysis;

• Residual regression analysis is measured by the point that is far away from the vertical to the regression line.
• The error usually represents between teh predicted and observed value.
• It is generally used for the residual graphs and linear regression model.
• The role is to determine and examine the residual plot graphs.

Therefore, Residual regression analysis is used for determining the actual and the estimate value.