Assume that the Least Squares regression equation resulting
Assume that the Least Squares regression equation resulting from this data is Salary = 13.4 + 4*GPA. One of the students in the data set has a GPA of 3.0 and a starting salary of 30.5 (thousand dollars). Based on this information, find the residual (error) in this outcome. In other words, how much error was in the model\'s prediction? Question 23 options:
Solution
