Given are data for two variables, x and y. a. Develop an estimated regression equation for these
Question:
a. Develop an estimated regression equation for these data.
b. Compute the residuals.
c. Develop a plot of the residuals against the independent variable x. Do the assumptions about the error terms seem to be satisfied?
d. Compute the standardized residuals.
e. Develop a plot of the standardized residuals against y^. What conclusions can you draw from this plot?
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Related Book For
Statistics For Business & Economics
ISBN: 9781305585317
13th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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