The fitted regression is . What is the value of the residual at the point , ?
Tap an option to check your answer.
4 marks, −1EconometricsLinear regression and OLSThe regression model and the OLS estimatorModerateabout 1 min
CUET-PG 2018 Question 40: Linear regression and OLS
Answer and worked solution
Checking your account…
Plain-text version
The fitted regression is Y=-15+0.75X. What is the value of the residual at the point X=30, Y=50? (A) 42.5 (B) 27.5 (C) 0 (D) 7.5
Linear regression and OLS has come up 74 times in 7 exams since 2008.
What this question tests
This question is on The regression model and the OLS estimator, part of Linear regression and OLS in Econometrics.
What a linear regression model is and how ordinary least squares picks the fitted line.
TestStop has 16 past-paper questions on this subtopic.
Similar questions from other papers
- The estimated regression equation is ŷ = 60 + 5X. What is the slope of this regression equation?
- Consider the population regression Yᵢ=α+β Xᵢ+uᵢ, estimated by OLS. Given sample size 100, Σ Xᵢ²=460000, Σ Yᵢ²=320000, Σ Xᵢ=6000, Σ Yᵢ=500, and Σ Xᵢ Yᵢ=40000. Then the…
- Appropriate statistics to examine goodness of fit of a two variable regression model is: A. F- statistic B. t -statistic C. Chi square - statistic D. z- statistic
- Linear regression model is
- If Y=L^αK^β is a Cobb-Douglas production function with two factors labor and capital, then the presence of constant returns to scale exhibited by the production…
Question from the CUET-PG 2018 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.