Use the results for Problem 13 (Weddings) to analyze the residuals to determine if the assumptions underlying

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Use the results for Problem 13 (Weddings) to analyze the residuals to determine if the assumptions underlying the regression analysis are valid. In addition, use the standard residuals to determine if any possible outliers exist.

Data from Problem 13

Using the Excel file Weddings, apply the Regression tool using the wedding cost as the dependent variable and attendance as the independent variable.

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Business Analytics

ISBN: 9780135231678

3rd Edition

Authors: James Evans

Question Posted: Mar 07, 2023 06:10 AM

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Use the results for Problem 13 (Weddings) to analyze the residuals to determine if the assumptions underlying

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Wedding cost Attendance 6070000 300 5200000 350 4700000 150 4200000 200 3400000 250 3050000 150 3000000 250 3000000 300 2800000 250 2600000 200 250000...View the full answer

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