Solution-Scatterplot with the least-squares regression line

Scatterplot with the least-squares regression line

Reference no: EM131744598

Try logs. Refer to the previous two exercises. Figure 4.27 is a scatterplot with the least-squares regression line for log salary versus year. For this model, r² = 0.9995.

1226_scatterplot with the least-squares.png

(a) Compare this plot with Figure 4.25. Write a short summary of the similarities and the differences.

(b) Figure 4.28 is a plot of the residuals for the model using year to predict log salary. Compare this plot with Figure 4.26 and summarize your findings.

1292_residuals for the model.png

841_residuals for the model 1.png

Reference no: EM131744598

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Scatterplot with the least-squares regression line

Reference no: EM131744598

Reference no: EM131744598

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