Suppose the analyst constructs the simple linear regression model In(y) = a+Bx+e. She estimates it to be In() = -1-1.3x. What is the residual in Excel output for the pair of observations x 1.5 and y 27

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Suppose the analyst constructs the simple linear regression model In(y) = a + Bx+e. She estimates it to
be In() = -1- 1.3x. What is the residual in Excel output for the pair of observations x= 1.5 and y = 27
O a. 6.
O b. 1.98
O c. -2.
O d. 403.43
e. 4.29
Transcribed Image Text:Suppose the analyst constructs the simple linear regression model In(y) = a + Bx+e. She estimates it to be In() = -1- 1.3x. What is the residual in Excel output for the pair of observations x= 1.5 and y = 27 O a. 6. O b. 1.98 O c. -2. O d. 403.43 e. 4.29
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