QUESTION 5Based on the images attached, consider the data in the table (USD).a) Compute the residual variance and standard error of the estimate.b) (Refer to the image attached).*Help me solve these questions. Thank you. Sales RepresentativeABCDEFGHIJActual Sales, Y30604060304040503070Estimated Sales, Y'42.631666.315642.631654.473630.789630.789642.631642.631642.631654.4736 Deviation value of (Y-Y') for the data is zero. Explain the meaning of thisOccurence.

Residual variance is the variance in a model that cannot be explained by the variables in the model.…

Answered: Deviation value of (Y-Y') for the data…

Math

Statistics

Deviation value of (Y-Y') for the data is zero. Explain the meaning of this occurence.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

QUESTION 5
Based on the images attached, consider the data in the table (USD).

a) Compute the residual variance and standard error of the estimate.
b) (Refer to the image attached).
*Help me solve these questions. Thank you.

Sales Representative
ABCDEFGH
I
J
Actual Sales, Y
30
60
40
60
30
40
40
50
30
70
Estimated Sales, Y'
42.6316
66.3156
42.6316
54.4736
30.7896
30.7896
42.6316
42.6316
42.6316
54.4736

Deviation value of (Y-Y') for the data is zero. Explain the meaning of this
Occurence.

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