Basic assumptions about the data


The appropriate employ of multiple regression depends upon being capable to make four basic assumptions about the data being used to develop the regression model:

that variables are normally distributed;

that the relationship between an independent variable and the dependent variable is linear

that the variance of errors is homoscedastic; and

that there is no multicollinearity among independent variables.

Describe how you would check these assumptions about a dataset that you want to use to build a regression model.

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Basic Statistics: Basic assumptions about the data
Reference No:- TGS0864353

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