Explanation:Least squares is an estimation tool. 6. Which of the following is correct with respect to residuals ?
A. Positive residuals are above the line, negative residuals are below
B. Positive residuals are below the line, negative residuals are above
C. Positive residuals and negative residuals are below the line
D. All of the Mentioned
Answer:A
Explanation:Least squares is an estimation tool. 6. Which of the following is correct with respect to residuals ?
A. Positive residuals are above the line, negative residuals are below B. Positive residuals are below the line, negative residuals are above C. Positive residuals and negative residuals are below the line D. All of the Mentioned
Explanation:Residuals can be thought of as the outcome with the linear association of the predictor removed. 7. Minimizing the likelihood is the same as maximizing -2 log likelihood.