Consider the model you fit in Exercise 37 to predict Wal-Marts revenue from the Retail Index, CPI,
Question:
a) Plot the residuals against the predicted values and comment on what you see.
b) Identify and remove the four cases corresponding to December revenue and find the regression with December results removed.
c) Does it seem that Wal-Mart’s revenue is closely related to the general state of the economy?
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a The plot does not show any pattern or spread There are a few high values to the right that could ...View the full answer
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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