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[Term Entry] Python statsmodels: model residuals #5903
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content/python/concepts/statsmodels/terms/model-residuals/model-residuals.md
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**Model residuals** are calculated as the differences between observed and predicted values for a statistical model. This is a method of error or deviation measuring for each data point by using the formula: | ||
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\text{Residual} = \text{Observed Value} - \text{Predicted Value} |
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Put an image of the formula here, rather than writing it down.
…l-residuals.md Co-authored-by: Radhika-okhade <[email protected]>
…l-residuals.md Co-authored-by: Radhika-okhade <[email protected]>
…l-residuals.md Co-authored-by: Radhika-okhade <[email protected]>
Hey @Radhika-okhade, I have made the changes to the file. |
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**Model residuals** are calculated as the differences between observed and predicted values for a statistical model. This method measures error or deviation for each data point by using the formula: | ||
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! [Model Residuals formula](https://raw.githubusercontent.com/Codecademy/docs/main/media/model-residual-example.png) |
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Why is there a space in between ! and [?
Thank you for contributing to Codecademy docs @SaviDahegaonkar. The entry looks good to be merged. |
👋 @SaviDahegaonkar 🎉 Your contribution(s) can be seen here: https://www.codecademy.com/resources/docs/python/statsmodels/model-residuals Please note it may take a little while for changes to become visible. |
Description
Created a new term entry on the model residuals term under Python statsmodels.
Issue Solved
#5691
Type of Change
Checklist
main
branch.Issues Solved
section.