Question

To calculate a residual for the ith observation, we do not need the: Actual value of...

To calculate a residual for the ith observation, we do not need the:

Actual value of Yi.

Estimated intercept.

Estimated slope.

Standard error.

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Answer #1

Estimated value of Yi = Estimated intercept + Estimated slope * Xi

Residual for the ith observation = Actual value of Yi - Estimated value of Yi

= Actual value of Yi - (Estimated intercept + Estimated slope * Xi)

From above equation, we need Actual value of Yi, Estimated intercept and Estimated slope to calculate a residual for the ith observation.

So, we do not need Standard error for the calculation.

The answer is Standard error.

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