Plot the residuals against the predicted value of y and comment on what this plot means relative

Question:

Plot the residuals against the predicted value of y and comment on what this plot means relative to the aptness of the model.

a. Compute the standardized residuals and form these in a frequency histogram. What does this indicate about the normality assumption?

b. Comment on the overall aptness of this model and indicate what might be done to improve the model.

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9781292220383

10th Global Edition

Authors: David Groebner, Patrick Shannon, Phillip Fry

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