Find the standard deviation of the residuals.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 26PFA
icon
Related questions
Question

An analyst is using a linear regression model to predict stock prices for a company. To evaluate the effectiveness of his model, he is going to study the spread of the residuals. Based on his calculations, the residuals for the points are as follows.  Find the standard deviation of the residuals.

residuals
-1.5
-0.7
0.4
1.2
0.2
0.2
0.2

Only round your final answer to 2 decimal places.

Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill