Residual value is the future value of a good after depreciation
of its initial value. For example you bought a car for $20,000.
After two years and 60,000 of mileage it will value of $10,000.
Residual value is the future value of a good after depreciation
of its initial value. For example you bought a car for $20,000.
After two years and 60,000 of mileage it will value of $10,000.
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The residual for a particular point in a regression is negative
if the estimated or fitted value at that point is greater than the
observed value.