An Introduction to Residual Analysis in Simple Linear Regression Models
Sample No. x y 1 10 30 2 20 40 3 30 50 4 40 80 5 50 90 6 60 100 7 70 120 Here is a dataset that allows us to analyze the relationship between x and y and obtain the model equation, y= β0 + β1x. Although statistical programs can provide us with results in just 10 seconds, it is more important to understand the principles behind the calculations than to simply know how to run the…