Do the following plots show 1. Constant variability  2. Nearly normal residuals 3.  Independent observations for SLR (conditions for linear regression)

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Do the following plots show

1. Constant variability 

2. Nearly normal residuals

3.  Independent observations for SLR

(conditions for linear regression)

Histogram of resid(SLR)
-40
-20 0
40
resid(SLR)
Frequency
0 2 4 6 8 10
20
Transcribed Image Text:Histogram of resid(SLR) -40 -20 0 40 resid(SLR) Frequency 0 2 4 6 8 10 20
Residuals vs Fitted
O0o
180
o o
033
150
200
50
100
Fitted values
Im(Time - Exchanges)
Residuals
-20
09-
Transcribed Image Text:Residuals vs Fitted O0o 180 o o 033 150 200 50 100 Fitted values Im(Time - Exchanges) Residuals -20 09-
Expert Solution
Step 1

Introduction -

Constant of variation -

Constant means to stay same , while variation refers to change . But as you will soon see , they make sense together in the world of math. In math , variation shows how one variable change sin relation to another variable. This relationship is usually expressed as a ratio . when we say that the variation is constant , we are saying that ratio remains the same . So when you see the term constant of variation just remember that it means the relationship between the variables does not change .

 

Nearly normal residuals - Nearly normal residuals condition : A histogram of the residuals looks roughly unimodal and symmetric .Equal variance Assumption . The variability in y is the same everywhere . By this we mean that all the Normal models of errors (at the different values of x) have the same standard deviation .

Independence of errors- There is not a relationship between the residuals and the Y variable in other words Y is independent of errors .Check this assumption by examining scatterplot of residuals versus fits , the correlation should be approximately 0 . In other words there should not look like there is a relationship .

 

 

 

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