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The point lies one unit below the regression line.

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15y ago

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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.


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

The point lies 1 unit below the regression line.


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

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