Question: Martin Goretsky examines the output and data from an OLS simple linear regression, what does the plot of the residuals tell Mr. Goretsky? Indirect Monthly

Martin Goretsky examines the output and data from an OLS simple linear regression, what does the plot of the residuals tell Mr. Goretsky?

Indirect Monthly Produced Manufacturing Q Q Sold Cost Pool 37.8 39.6 88.7 43.8 23.8 27.7 51.0 47.2 32.0 28.6 47.1 44.6 35.8 28.1 53.4 40.3 21.1 44.8 37.2 29.5 21.8 43.4 49.1 29.1 27.0 50.6 252 264 591 398 216 252 464 429 355 318 523 496 398 312 593 576 301 640 532 422 311 620 701 415 386 723 Y-y# e Residual Plot 250 200 150 100 50 100 -150 -200 -250 20 40 60 80 100

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