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What is a residual plot and how should it look? What kind of statistical test would you use? What...

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Statistics

What is a residual plot and how should itlook?

What kind of statistical test would youuse?

What is Cook's distance?

What are “LINE” approximations in regressionanalysis?

Answer & Explanation Solved by verified expert
4.3 Ratings (671 Votes)
What is a residual plot and how should it lookAnswer In a regression analysis residualis the difference between observed value of an dependent variableY and the predicted value each data point has one residualand a residual plot is the plot of residual onthe vertical axis and the independent variables on the horizontalaxisBelow the residual    See Answer
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