Why outliers are sometimes called influential observations

Reference no: EM131759464

Question: Outliers

For this discussion, you will assess the use of various support decision tools and explain why outliers are sometimes called influential observations. Discuss what could happen to the slope of a regression of Y versus a single X when an outlier is included versus when it is not included. Will this necessarily happen when a point is an outlier? You are required to give at least two examples in your response.

Reference no: EM131759464

Questions Cloud

In many of the parallel paradigms : In many of the parallel paradigms, I observed that all workers/processes/threads run exactly the same code.

How should the government enforce data privacy laws : Have you experienced examples of a company using your personal data? For what purpose?How should the government enforce data privacy laws?

Record the declaration of property dividend : Declared a property dividend of 100,000 shares of Slowdown Company (book value $11.20 per share, market value $9.60 per share).

Discuss the most recent two years and comment on the results : Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis

Why outliers are sometimes called influential observations : For this discussion, you will assess the use of various support decision tools and explain why outliers are sometimes called influential observations

Discuss new skills you acquired from this class : Base on the course content, discuss new skills you acquired from this class? How relevant are the new skills to your current and/or future profession?

Discussions on securing the network connections : Last week's working group meeting on encryption has carried over to discussions on securing the network connections between the PCS corporate office.

How intrusion detection systems : Our organization's business manager has read an article about how intrusion detection systems can help deter hackers. He or she wants to spearhead a campaign

Discuss store-level expenses by automating some activities : Becca's Burger Stand, which has restaurants nationwide, wants to reduce its store-level expenses by automating some activities for drive-in customers

User Account

All Pages