According to the Maine Department of Marine Resources, in 2012 more than 126,000,000 pounds of lobster were
Question:
a) Which regression assumptions and conditions appear to be violated according to this plot? Heres a scatterplot of the log of the value:
b) Discuss the same assumptions as in part a. Does taking logs make these data suitable for regression? After performing a regression on the log values, we obtain the following plot of residuals:
c) Discuss what this plot shows. Would a different transformation be likely to do better than the log? Explain.
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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