Essay
In a simple regression with an intercept and a single explanatory variable, the variation in Y can be decomposed into the explained sums of squares and the sum of squared residuals (see, for example, equation (4.35)in the textbook).
Consider any regression line, positively or negatively sloped in {X,Y} space. Draw a horizontal line where, hypothetically, you consider the sample mean of Y to be. Next add a single actual observation of Y.
In this graph, indicate where you find the following distances: the
(i)residual
(ii)actual minus the mean of Y
(iii)fitted value minus the mean of Y
Correct Answer:

Verified
_TB5979_11...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q13: Indicate in a scatterplot what the data
Q14: In the simple linear regression model Y<sub>i</sub>
Q15: In the simple linear regression model, the
Q16: Sir Francis Galton, a cousin of
Q17: The slope estimator, β<sub>1</sub>, has a smaller
Q19: At the Stock and Watson (http://www.pearsonhighered.com/stock_watson)website, go
Q20: Given the amount of money and effort
Q21: (Requires Appendix)The sample average of the OLS
Q22: (Requires Appendix)The sample regression line estimated
Q23: To decide whether the slope coefficient indicates