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Residual plot helps in analyzing the model using the values of residues
20. Residual plot helps in analyzing the model using the values of residues.
- True
- False
Answer: A) True
Explanation:
The residue plot aids in the analysis of the model by displaying the values of the residues. It's shown as a line between the projected values and the residual. Their values are all the same. The point's distance from 0 indicates how inaccurate the prediction was for that number. If the value is positive, the probability of success is minimal. If the value is negative, the probability of success is high. A number of 0 implies that the forecast is perfect. The model can be improved by detecting residual patterns.