What is exactly Residual Analysis?

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Senad Bećirović Popular answer

The difference between the observed value of the dependent variable (y) and the predicted value (ŷ) is called the residual (e). Each data point has one residual.

Residual = Observed value - Predicted value e = y - ŷ

Source: http://stattrek.com/regression/residual-analysis.aspx?Tutorial=AP

Senad Bećirović

Azzam Sabah Hameed

I agree with Senad

Regards, Azzam

Ajit kumar Roy

thanks dr Senad for answer