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The residuals of a model are the actual values minus the predicted values. Many statistical models make assumptions about the error, which is estimated by the residuals.

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22 views

A big issue for nonnormal distribution of residuals in this case?

I use both histogram and Normal Q-Q plot for the residuals of my regression. I would say that the histogram shows somewhat symmetric and the mean is around 0. …
3 votes
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75 views

Can I conclude heteroskedasticity in this case?

I plot a standardized residuals against the fitted values and it does exhibit a megaphone shape. It looks like there is more variation in the lower level of fitted values. …