Reconsider the model for the automobile purchase data from Problem 13.5, part a. Construct plots of the
Question:
Reconsider the model for the automobile purchase data from Problem 13.5, part a. Construct plots of the deviance residuals from the model and comment on these plots. Does the model appear satisfactory from a residual analysis viewpoint?
Problem 13.5
A study was performed to investigate new automobile purchases. A sample f 20 families was selected. Each family was surveyed to determine the age of their oldest vehicle and their total family income. A follow-up survey was conducted 6 months later to determine if they had actually purchased a new vehicle during that time period ( y=1 indicates yes and y=0 indicates no). The data from this study are shown in the following table.
Step by Step Answer:
Introduction To Linear Regression Analysis
ISBN: 9781119578727
6th Edition
Authors: Douglas C. Montgomery, Elizabeth A. Peck, G. Geoffrey Vining