Why are outliers sometimes called influential observations? What could happen to the slope of a regression of
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Why are outliers sometimes called influential observations? What could happen to the slope of a regression of Y versus a single X when an outlier is included versus when it is not included? Will this necessarily happen when a point is an outlier? Answer by giving a couple of examples.
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One point like an executives extremely large salary can change the slope of a reg...View the full answer
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Related Book For 
Business Analytics Data Analysis and Decision Making
ISBN: 978-1305947542
6th edition
Authors: S. Christian Albright, Wayne L. Winston
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