Wednesday, February 26, 2014

Post-Model testing

After building a linear model. We need to test the assumptions. The key ones are:
1. Autocorrelation of the residual. To test create an acf of model residual
2. Equal variance of residual, to test, plot residual against fitted values, see if the shape is roughly a square
3. Normality of residual, qqplot of residual
4. Finally may be mean zero?

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