Question
The variation around the line, i.e. the error term, should be the same everywhere (we also assumethe errortermfollows a normal distribution). ii.The mean values of
The variation around the line, i.e. the error term, should be the same everywhere (we also assumethe errortermfollows a normal distribution).
ii.The mean values of the response variable for different values of the explanatory variable should fallona straightline.
Howwelldoyouthink thisdatasetmeetstheassumptionsabove?
Revenue ($) 50 45 40 35 30 25 20 15 10 0 5 D Paws For Effect Monthly Sales Data 2 4 6 8 10 12 14 16 18 20 20 Month 22 23 24 24 . y= 0.8138x + 17.853 26 28 30 32 32 34
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Applied Regression Analysis And Other Multivariable Methods
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
5th Edition
1285051084, 978-1285963754, 128596375X, 978-1285051086
