Residuals Interview Questions

Residuals interview questions

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Total Questions: 10

1. Multivariate regression estimates are exactly those having removed the linear relationship of the other variables from both the regressor and response.

A. TRUE

B. FALSE

Correct Answer is : TRUE

2. The least squares estimate for the coefficient of a multivariate regression model is exactly regression through the origin with the linear relationships.

A. TRUE

B. FALSE

Correct Answer is : FALSE

3. Which of the following is correct formula for total variation ?

A. Total Variation = Residual Variation – Regression Variation

B. Total Variation = Residual Variation + Regression Variation

C. Total Variation = Residual Variation * Regression Variation

D. All of the Mentioned

Correct Answer is : Total Variation = Residual Variation + Regression Variation

4. Point out the correct statement:

A. A standard error is needed to create a prediction interval

B. The prediction interval must incorporate the variability in the data around the line

C. Investors use the residual variance to measure the accuracy of their predictions on the value of an asset

D. All of the Mentioned

Correct Answer is : All of the Mentioned

5. Which of the following things can be accomplished with linear model ?

A. Flexibly fit complicated functions

B. Uncover complex multivariate relationships

C. Build accurate prediction models

D. All of the Mentioned

Correct Answer is : All of the Mentioned

6. Which of the following statement is incorrect with respect to outliers ?

A. Outliers can have varying degrees of influence

B. Outliers can be the result of spurious or real processes.

C. Outliers cannot conform to the regression relationship

D. None of the Mentioned

Correct Answer is : Outliers cannot conform to the regression relationship

7. Point out the wrong statement:

A. The fraction of variance unexplained is an established concept in the context of linear regression

B. “Explained variance” is routinely used in principal component analysis

C. The general linear model extends simple linear regression (SLR) by adding terms linearly into the model

D. None of the Mentioned

Correct Answer is : None of the Mentioned

8. Which of the following can be useful for diagnosing data entry errors ?

A. hat values

B. dffit

C. resid

D. all of the Mentioned

Correct Answer is : hat values

9. Residual ______ plots investigate normality of the errors.

A. RR

B. PP

C. QQ

D. None of the Mentioned

Correct Answer is : QQ

10. Which of the following show residuals divided by their standard deviations ?

A. rstudent

B. cooks.distance

C. rstandard

D. all of the Mentioned

Correct Answer is : rstandard

Residuals interview questions