Model assumptions: Suppose you are planning to fit a linearregression model to the dataa) What are the assumptions?b) What plot will you generate to verify that the assumptionsare met and describe why?c) If the assumptions are not satisfied what will youdo?
Answer
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Linear regression is an analysis that assesseswhether one or more predictor variables explain the dependent(criterion) variable. The regression has five key assumptions:
- Linear relationship
- Multivariate normality
- No or little multicollinearity
- No auto-correlation
- Homoscedasticity
We will generate scatter plot and Bar graph
First, linear regression needs the
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