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Residuals and Why They are Awesome

Want to know why you should give your residuals some extra TLC (Tender Loving Care)? Because they are the whistleblower of your predictive models! They will stab you in the back if you look at them the wrong way but treated right they can take your modeling to new heights! Chapters 0:00 Introduction 0:05 Defining Residuals 1:14 Defining RMSE 2:43 The Story 3:05 Used in Linear Regression 5:25 Used in Multible Regression 6:31 Defining Residuals and RMSE in Multible Regression 6:55 Outro My name is Christian Bille, and I am a man of many hobbies! I enjoy painting miniatures, wood chopping, beer brewing, and spreading knowledge of data analysis to fellow non-statisticians! As a Systems Engineer at JMP I often talk to customers, who struggle with the same concepts and asks the same questions. Therefore, I made this channel as a place to find inspiration and guidance for all things data. Welcome to Stats Like Jazz!