Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as

Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as Correct Answer residual term

Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as residual term.
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Related Questions

A company owns some land and buildings for which the following details are relevant : Cost of land Taka 50,000; cost of building Taka 100,000, estimated life of building 20 years, estimated residual value of building Taka 2000; estimated residual value of land Taka 50,000. The company uses the straight line depreciation method. Which is the correct annual depreciation charge for this asset?
If the scale used for drawing a map states that the actual distance of 50 km is represented by 1 cm on the map, then according to this scale what will be the actual distance between los Angeles and Washington D.C if Washington D.C if Washington D.C is 12.22 cm away form America on the map?
Worse fit between estimated cost and actual observations is shown on regression line with
In a right angled triangle the horizontal side measures 8 cm and the vertical side measures 12 cm. What is the area of the triangle?
On an areial photograph, the surface of a pond appears as a circular region of radius 7/16 inch.If a distance of 1inch on the photograph correspondence to a actual distance of 2miles.Which of the following of closest estimate of actual surface of the area of pond,in square miles?
An estimated coefficient, which indicates degree by which estimated values are affected by random factors is known as
An estimated cost per unit in long run, which enables company to achieve it's per unit target, operating income is classified as
A rectangular floor that measures 8 metres by 10 metres is to be covered with carpet squares that each measures 2 metres by 2 metres. If a carpet square costs Tk. 12, calculator the total cost cover 2/3 of the floor?
The angle between the axis of earth and the vertical at the station of observation is called
At a dinner party every two guests shared a bowl of rice between them, every three guests shared a bowl of vegetable between them and every four shared a bowl of meat between them. There were altogether 65 bowls. How many guests were present at the party?