The following residual plot has been created as part of the diagnostics of a simple linear regression model relating personal income (y) to monthly spending on clothes (x). (Both variables were measured in euros.) Unstandardized Residual 100 50 -50 -100 -150 500 1000 1500 Income 2000 2500 3000 The residual plot indicates a problem. Explain which regression assumption appears to be violated and what can be done to remedy the situation.
The following residual plot has been created as part of the diagnostics of a simple linear regression model relating personal income (y) to monthly spending on clothes (x). (Both variables were measured in euros.) Unstandardized Residual 100 50 -50 -100 -150 500 1000 1500 Income 2000 2500 3000 The residual plot indicates a problem. Explain which regression assumption appears to be violated and what can be done to remedy the situation.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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Transcribed Image Text:The following residual plot has been created as part of the diagnostics of a simple linear regression
model relating personal income (y) to monthly spending on clothes (x). (Both variables were
measured in euros.)
Unstandardized Residual
100
50
0
-50
-100
-150
500
1000
1500
Income
2000
60
2500
3000
The residual plot indicates a problem. Explain which regression assumption appears to be violated
and what can be done to remedy the situation.
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