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Scatter plot pattern is reasonably straight

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Reference no: EM131941993

Highlight 4 assumptions pertaining to regression:

  • Scatter plot pattern is reasonably straight (Linearity)
  • No points lie far enough away to pull the line of best fit away from the main point pattern (Influence).
  • The plot does not fan out as x increases or decreases (Equal Spread)
  • Predict Y at a value of X within the range of the X data (Interpolation)
  • Predict Y at a value of X outside the range of the X data (Extrapolation)
  • The observations are independent (Independence)

Reference no: EM131941993

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