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Q: What you mean by residual value?
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What is the point on the scatterplot representing the mean x value and mean y value?

Residual point


In Accounting what does Residual value mean?

Residual value estimates how much an asset is worth at the end of its productive life. This value is calculated by the lending institution prior to a lease or loan on an item. It is based on past and future predictions and is the key way of determining a payment schedule.


What is the definition for 'residual value'?

Residual value is the future value of a good after depreciation of its initial value. For example you bought a car for $20,000. After two years and 60,000 of mileage it will value of $10,000.


What is cost plus residual value?

Cost plus residual value is a method used to evaluate the worth of an asset based on both its original cost and its expected residual value at the end of its useful life. The residual value is the estimated value an asset will have at the end of its useful life, which is then added to the original cost to determine the total value or worth of the asset.


When is a residual negative?

The residual for a particular point in a regression is negative if the estimated or fitted value at that point is greater than the observed value.


Is residual value the same thing as salvage value?

yes


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

If a data point has a residual of zero, it means that the observed value of the data point matches the value predicted by the regression model. In other words, there is no difference between the actual value and the predicted value for that data point.


Which is the residual value when x-2?

ItS 2


Which of these is not part of the information about tires?

residual value


Is not included on a typical tire?

Residual value


What do you mean by equity in finance?

Equity in finance refers to the residual value of assets. The term equity can also be used in association with accounting.


What is the residual for the point (36)?

A residual is defined in the context of some "expected" value. There is no information in the question regarding expected values.