Question: ANSWER CLEARLY please. Suppose you have fit a simple linear regression model and were inspecting the Cook's D statistic to see if any of the

ANSWER CLEARLY please.

ANSWER CLEARLY please. Suppose you have fit a simple linear regression model

Suppose you have fit a simple linear regression model and were inspecting the Cook's D statistic to see if any of the observations had high influence on the model. The plot is given below. Time Series Plot of Cook's D Statistic 0.77 Cook's D statistic i i .5. A s 7" 1b this 1'41'5 1'61l71ls1'92'02'12'22'32'42l52l6i7532'9 Data point number Two observations have Cook's D statistics greater than the upper limit, indicating they have high influence on the model's fit. What should be done with these two observations

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