jäännöstermin
Jäännöstermin, often translated as "residual term" or "error term" in English, is a concept found in statistical modeling and econometrics. It represents the part of a dependent variable that cannot be explained by the independent variables included in the model. In simpler terms, it is the difference between the observed value of the dependent variable and the value predicted by the regression model.
The jäännöstermin arises due to several factors. It can capture random variation in the data that is
In regression analysis, a fundamental assumption is that the jäännöstermin has certain properties, such as being