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

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

User Gloomy
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2 Answers

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Answer: the point lies 1 unit BELOW the regression line

Explanation:

User Minja
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This your answer hope i helped. :)

The point lies one unit above the regression line.
User Omabena
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