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Apply residuals to regression model #474

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carkod opened this issue Mar 1, 2023 · 0 comments

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carkod commented Mar 1, 2023

Inspect scatterplot of residuals against xi observable variable. If

Scattered around 0 like a circle (no pattern or trend), then the model is a good fit
If shows some shape e.g. "a vase" - x2
If fans out - heteroscedacity effect

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