Question: Question 1 (10 Points) You estimate a simple linear regression model. Briefly discuss how you can assess the performance of your model and how you

Question 1 (10 Points) You estimate a simple linear regression model. Briefly discuss how you can assess the performance of your model and how you can make sure that the assumptions underlying the model aren't violated. (Note: Don't just list the tools but discuss how these tools show you "+whether or not the model is adequate!)

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