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Level 3
· ◆◆ · ~11 min
Slopes, Fits & Residuals
Slopes, Fits & Residuals
"What the two numbers mean, why the intercept is often nonsense, and three algebraic facts about residuals that are always true."
interpreting the slope as a marginal effectinterpreting (and mistrusting) the interceptunits of measurementprediction with fitted valuesalgebraic properties of OLS residuals
A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.