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4 cards from this section. Quick, good the night before a test.
What does the linearity assumption imply in regression analysis?
Think about the shape of the graph.
Why is homoscedasticity important in regression?
Think about what happens if variances change.
What is the main requirement of the linearity assumption?
Think about how we visualize relationships.
True or False: Homoscedasticity means that the variance of errors can vary at different levels of the independent variable.
What does 'homo' suggest about the variances?
You suspect that your model violates the homoscedasticity assumption. Describe a detailed approach to investigate and remedy this issue.
Think about visual diagnostics and their implications.
Your regression model has three predictors, and you detect multicollinearity. Explain how you would analyze and address the issue.
Consider the impact of correlated variables on model interpretation.
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