Given a set of data with 11 observations of two variables (response and predictor), I've been asked to "calculate the fitted values y_i=alpha+beta x′_i and residuals e_i=y_i−y_i by hand".

priscillianaw1

priscillianaw1

Answered question

2022-10-08

Given a set of data with 11 observations of two variables (response and predictor), I've been asked to "calculate the fitted values y ^ i = α ^ + β ^ x i and residuals e i = y i y ^ i by hand".
What is the question asking me to do here? I have thus far estimated the regression line for the data in the form y ^ i = α ^ + β ^ x i by calculating the coefficients α   &   β ,, but this doesn't answer the original question alone. Where do I go from here?

Answer & Explanation

Piper Pruitt

Piper Pruitt

Beginner2022-10-09Added 9 answers

If you have calculated α ^ and β ^ you can compute the 11 values of y i ^ by plugging in the 11 values of x i .
Compare the value predicted by the regression, y i ^ , and the actual value it should be y i .
Their difference is the residual.

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