Please expalne how you got to the answer. Residual Plots The residuals, y - y^ca
ID: 3266436 • Letter: P
Question
Please expalne how you got to the answer.
Residual Plots The residuals, y - y^cap, are shown plotted against the independent variable, x, for three different simple linear regressions. For each residual plot, comment on what it shows about the reasonableness of using the simple linear regression model for that data: a) Residuals from the Regression of Revenue on Advertising Expense. b) Residuals from the Regression of Food Expenses on Household Income c) Residuals from the Regression of Alumni Giving Rate on Student/Faculty RatioExplanation / Answer
A. Residuals follow a trend which does not give a reasonable regression
B. Residuals are more in the end than in the beginning and therefore not a good option
C. Here residuals are evenly scattered and thus it is good