Standardized Residual

Definition of Standardized Residual:

The standardized residual is the residual divided by its standard deviation.

How to compute standardized residual:

  1. Calculate the mean of residuals [r(1), r(2)……r(n)]
  2. Calculate the standard deviation of residuals
  3. Standardized residuals can be calculatas follows:

Standardized Residual (i) = Residual (i) / Standard Deviation of Residuals

Standardized residuals will have mean = 0 and standard deviation = 1

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