(Solved): In simple linear regression, the difference between a predicted y value and an observed y value is ...

In simple linear regression, the difference between a predicted y value and an observed y value is commonly called the residual or error value. True False Question 13 In simple linear regression, the slope and intercept values for the least squares line fit to a sample of data points serve as point estimates of the slope and intercept terms of the least squares line that would be fit to the population of data points. True False