There will be 53 residuals in a regression if there are 60 observations and 7 predictors.
Given that there are 60 observations and 7 predictors in a regression.
We are required to find the number of residuals in the regression.
A regression is basically an estimate of the line that describes the true, but unknown,linear relationship between the two variables.
A residual is basically a measure of how far away a point is vertically from the regression line. The residual for each observation is the difference between predicted values of y and observed values of y.
Residual=Actual y value-predicted y value.
Residual=60-7
Residuals=53
Hence there will be 53 residuals in a regression if there are 60 observations and 7 predictors.
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