Refer to exercise 7, where an estimated regression equation relating years of experience and annual sales was
Question:
a. Compute the residuals and construct a residual plot for this problem.
b. Do the assumptions about the error terms seem reasonable in light of the residual plot?
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Related Book For
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
Question Posted:
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