Problem regarding the human development index

Reference no: EM131008335

Human Development Index

The United Nations Development Programme (UNDP) collects data in the developing world to help countries solve global and national

a) Explain why fitting a linear model to these data would be misleading.

b) If you fit a linear model to the data, what do you think a scatterplot of residuals versus predicted HDI will look like?

c) There is an outlier (Luxembourg) with a GDPPC of around $70,000. Will setting this point aside improve the model substantially? Explain.

Reference no: EM131008335

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