Residual plots can be used to validate assumptions about the regression model. Figure 1: Residual plots are helpful in assessments of nonlinear trends and heteroscedasticity. A formal test of lack of ...

Linear regression models predict the outcome of one variable based on the value of another, correlated variable. Excel 2013 can compare this data to determine the correlation which is defined by a ...

What are standardized residuals? How do I calculate it? How do I use it and interpret it? What are its benefits? The answers ...