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

A. The point lies directly on the regression line.
B. The point lies 1 unit below the regression line.
C. The predicted value for that point is -1.
D. The point lies 1 unit above the regression line.

Question

What does it mean to say that a data point has a residual of -1?

 		A.	The point lies directly on the regression line.
 		B.	The point lies 1 unit below the regression line.
 		C.	The predicted value for that point is -1.
 		D.	The point lies 1 unit above the regression line.

directrix · Answer

Residual = Observed value - Predicted value 

 Observed value - Predicted value = -1 in your problem.

What might that mean?

lilkg77 · Answer

It means that the predicted value is -1?

lilkg77 · Answer

@Directrix

directrix · Answer

>>>It means that the predicted value is -1?  No.

 Observed value - Predicted value = -1

directrix · Answer

Does this help?   @lilkg77

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