Question: Explain the meaning of each of the following terms.
(a) Least squares residual.
(b) Predicted residual.
(c) Student zed residual.
(d) Recursive residual.
(e) BLUS residual.
(f) DFFITS.
(g) Bounded influence estimation.
(h) ARCH errors.
(i) Post-data model construction.
(j) Over parametrization with data-based simplification.
(k) Posterior odds ratio.
(I) Cross validation.
(m) Selection of regressors.
(n) Diagnostic checking.
(o) Specification testing.
(p) Hausmans test.
(q) I-test.
(r) Encompassing test.
(s) Differencing test.