Which of the following statements about the residual in the context of regression analysis is/are
correct?
a It is the slope of the regression equation
b It is the correlation coefficient
c It is the difference between the observed and predicted values of the dependent
variable
1. a
2. a and b
3. a, b and c
4. c
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Question 2
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Which of the following indicates a good fit of the model in multiple regression analysis?
a A high standard error of the estimate
b A high R2 value
c A small sample size
1. b
2. a and b
3. c
, 4. a
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Question 3
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Which of the following statements is/are correct? The OLS formulae for deriving estimates
of the coefficients of are:
1. a
2. a and b
3. a, b and c
4. b and c
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Question 4
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Which of the following statements is/are correct?
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