00:01
We want to model a set of data, and we've got some residuals shown to us.
00:07
Linear, quadratic, and exponential.
00:16
Based on this, what is a plausible model for the data? so we have four options here.
00:23
We've got one using logarithms.
00:25
One is linear, so if i get the rhythm, i'll label what they are, a, b, c, and d.
00:31
So a is a logarithmic one.
00:34
B is linear.
00:36
We have no exponential on x, it's just x as it is.
00:41
Y is an exponential one, something to the power of x, which is quite rare, really.
00:51
It's found in things like radioactive decay or population growth.
00:55
And finally, d is quadratic.
00:58
Notice we have that x squared term in there.
01:01
That's the highest exponential that x gets to, so that's a quadratic.
01:07
Okay, so we've got these residual models.
01:11
If i look at these, what do i see? well, linear, i don't really see a pattern.
01:15
They're just somewhere above zero, somewhere below.
01:18
So no obvious pattern.
01:20
If i look at the quadratic, i see a line, like so.
01:26
If i look at the exponential, i see a curve.
01:29
Really, it looks kind of like a quadratic, like that.
01:32
Based on that, which one is appropriate to use here? well, what is a residual? a residual is the predicted value, y hat, minus the actual value.
01:46
This represents the error for each data point that we're using to make our model...