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If the observed data point lies below the balance sheet: definition example elements of a balance sheet line, the residual is negative, and the line overestimates that actual data value for y. The best way to find the line of best fit is by using the least squares method. However, […]
For this reason, given the important property that the error mean is independent of the independent variables, the distribution of the error term is not an important issue in regression analysis. Specifically, it is not typically important whether the error term follows a normal distribution. Dependent variables are illustrated on […]
