Question

If there is any pattern in a residual plot, that is a sign that regression is appropriate.

Answer 1

If there is any pattern in a residual plot, that is a sign that regression is appropriate. false; for regression

Regression is a statistical technique used in finance, investment, and other fields to compare a dependent variable (usually denoted by Y) with a set of other variables (known as independent variables). attempts to determine the strength and characteristics of the relationship between

Example: Age and height can be described by a linear regression model. A person's height increases with age, so there is a linear relationship. Regression models are often used as statistical evidence for claims about everyday facts.

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