If your least squares regression line fits your data well yo

If your least squares regression line \'fits\' your data well your R^2 value will be __________?

In simple linear regression, a residual plot is a scatter plot of the residuals versus__________?

Fill in the blank. I\'m thinking dependant variables for the second one, but want to be sure?

Solution

1) Value of R^2 is close to 1 = 100% for a good fit.

2) Scatter plot is the plot of residuals (e_i\'s) versus independent variable (x_i\'s)

If your least squares regression line \'fits\' your data well your R^2 value will be __________? In simple linear regression, a residual plot is a scatter plot

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