Given are data for two variables, x and y. a. Develop an estimated regression equation for these

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Given are data for two variables, x and y.
Given are data for two variables, x and y.
a. Develop

a. Develop an estimated regression equation for these data.
b. Compute the residuals.
c. Develop a plot of the residuals against the independent variable x. Do the assumptions about the error terms seem to be satisfied?
d. Compute the standardized residuals.
e. Develop a plot of the standardized residuals against y^. What conclusions can you draw from this plot?

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Related Book For  answer-question

Statistics For Business & Economics

ISBN: 9781305585317

13th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

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