Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Assumptions of Regression: Check a normal probability plot of residuals and see if it is nearly a straight line. Also can examine skewness and

1. Assumptions of Regression: Check a normal probability plot of residuals and see if it is nearly a straight line. Also can examine skewness and kurtosis of residuals to check for

A. Linearity: To make sure that a straight line is the type of equation that fits best.

  • B. Constant variability: To make that when you get confidence intervals to predict Y that they are accurate.
  • C. Normality: To make sure that the confidence intervals and p-values that you get are accurate.
  • D. Independence: To make sure that when you predict, future errors do not depend on past errors.

2. Check a plot of residuals (on the Y axis) against the time sequence (on the X axis) to see if the pattern looks random to test

A. Linearity: To make sure that a straight line is the type of equation that fits best.

  • B. Independence: To make sure that when you predict, future errors do not depend on past errors.
  • C. Constant variability: To make that when you get confidence intervals to predict Y that they are accurate.
  • D. Normality: To make sure that the confidence intervals and p-values that you get are accurate.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Graphical Approach To Precalculus With Limits A Unit Circle Approach, A

Authors: John E Hornsby, Margaret L Lial, Gary K Rockswold

5th Edition

0321899806, 9780321899804

More Books

Students also viewed these Mathematics questions

Question

Examine alternative approaches to behavior therapy.

Answered: 1 week ago

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago