Model Assumptions

The Distribution of Dependent Variables

What are those distributional assumptions of \(Y|X\)?

  1. Independence
  2. Normality
  3. Constant Variance

Examining the Residual Plots

Recall:

  • The mean value of the residuals is zero,
  • The variance of residuals are constant across the range of measurements,
  • The residuals are normally distributed,
  • Residuals are independent.

A residual plot is obtained by plotting the residuals e with respect to the independent variable X or, alternatively with respect to the fitted regression line values \(\hat{Y}\). Such a plot can be used to investigate whether the assumptions concerning the residuals appear to be satisfied.


Asummption of Constant Variance

  • Homoscedascity (also known as constant variance) is one of the assumptions required in a regression analysis in order to make valid statistical inferences about population relationships.

  • Homoscedasticity requires that the variance of the residuals are constant for all fitted values, indicated by a uniform scatter or dispersion of data points about the trend line (i.e. "The Zero Line").
  • From the above plot, we can conclude that the constant variance assumption is valid. We can also see that the mean value of the residuals is close to zero. .