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Mean Of Error Term Should Be Zero.
Mean Of Error Term Should Be Zero Table Of Contents: What Is Error Term In the Regression Model? Error Term Use In Formula. The Difference Between Error Terms and Residuals. Mean Of Error Term Should Be Zero. (1) What Is Error Term In Regression Model? An error term is a residual variable produced by a statistical or mathematical model, which is created when the model does not fully represent the actual relationship between the independent variables and the dependent variables. As a result of this incomplete relationship, the error term is the amount at which the equation may differ during
