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Let's say that you fit a simple regression line y = mx + b to a set of (x,y) data points. In a typical research situation the regression line will not touch all of the points; it might not touch any of them. The vertical difference between the y-co-ordinate of one of the data points and the y value of the regression line for the x-co-ordinate of that data point is called a residual.
There will be one residual for each data point.
To see some labelled diagrams of residuals search images.Google.com for residuals.
What else can I help you with?
What does the medical term Minimal residual hepatic parenchyma mean?
Minimal residual hepatic parenchyma means there's not much functional liver left.
What is the term residual risk mean?
In simple terms - 'residual risk' is the tiny possibility of something going wrong with whatever you're doing. For example, fell-walking is perfectly safe, however - there is a residual risk of you tripping or falling.
What is combined residual?
The term combined residual refers to an amount of money that is being split between more than one person. This is income that they receive after the sale of an item.
What does the term risk risidual means?
The residual risk is the risk or danger of an action or an event
What describes the term residual value?
the amount a car is said to be worth at the end of the lease
What does the term residual mean in CRM?
A residual What_does_residual_risk_mean_in_the_CRM_processis the remains of a risk on which a response has been performed.As part of CRM you are managing some risk, for which you will have some risk response or strategy. A residual risk is the reminder of the risk that remains after you have implemented a risk responseRead more: What_does_residual_risk_mean_in_the_CRM_process
What does the term residual risk mean in CRM?
A residual What_does_residual_risk_mean_in_the_CRM_processis the remains of a risk on which a response has been performed.As part of CRM you are managing some risk, for which you will have some risk response or strategy. A residual risk is the reminder of the risk that remains after you have implemented a risk responseRead more: What_does_residual_risk_mean_in_the_CRM_process
What does the term residual risk means CRM?
A residual What_does_residual_risk_mean_in_the_CRM_processis the remains of a risk on which a response has been performed.As part of CRM you are managing some risk, for which you will have some risk response or strategy. A residual risk is the reminder of the risk that remains after you have implemented a risk responseRead more: What_does_residual_risk_mean_in_the_CRM_process
What term does residual risk mean?
It is the possibility of a remaining risk when all other risks have been eliminated
What does the term residual risk in the crm process?
Risk that remains after all controls have been identified and selected
What does the term residual mean in the CRM process?
Risk that remains after all controls have been identified and selected
What is disadvantage of residual income?
A disadvantage of residual income is that it can be challenging to calculate accurately, as it relies on subjective assumptions about future cash flows and discount rates. Additionally, it may not consider the time value of money effectively, potentially leading to misleading evaluations of investment performance. Furthermore, businesses may focus too heavily on short-term residual income, neglecting long-term growth and sustainability.
