Question

In a regression analysis, the actual values of Y may be found above or below the regression line. These deviations are called the _____. slope error term variance standard error of the mean standard deviation

Answer 1

Answer:

Error term

Step-by-step explanation:

Given :

In a regression analysis, the actual values of Y may be found above or below the regression line. These deviations are called the _____. slope error term variance standard error of the mean standard deviation

To find :

Fill in the blanks.

Now, In a regression analysis, the actual values of Y may be found above or below the regression line. These deviations are called the Error term.

Because we use the error term in the regression analysis difference between the actual value of $Y$ and the approximate value of $Y$ which is above of actual value or below of actual value.

 As $Y$is an actual value and $Y_0$ is an approximate value then,

$|Y-Y_0|$ is an error.

It is a vertical distance between the actual value and the approximate value  of $Y$.

So, the error term is always positive.