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Calculate the residual for the first observation from the simple linear regression model.Recall, the Residual = Observed value - Predicted value or e = y
Calculate the residual for the first observation from the simple linear regression model.Recall, the Residual = Observed value - Predicted value or e = y - . Observed value of y for the first observation from the dataset:
Predicted value of y for the first observation (Hint:To find this, substitute the actual value of x for the first observation into the regression equation and solve for y):
Residual:
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