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Suppose you have a dataset with 8 observations. You are able to estimate the model Y? = B1 + 82 X; + wj. You know

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Suppose you have a dataset with 8 observations. You are able to estimate the model Y? = B1 + 82 X; + wj. You know the first 7 residuals are -0.3, 0.4, -0.15, 0.25, -0.1, 0.23, and -0.17. What is the 8th residual? O -0.16 O 0.26 O -0.26 O 0.16 There is not enough information to determine the 8th residual X (no answer) Correct Answer: -0.16

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