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In the residual plot attached is this a good or bad plot and why is it good or bad

In the residual plot attached is this a good or bad plot and why is it good or bad-example-1
User AgentKnopf
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The residual plot attached to the question is a good residual plot

How to determine if the residual plot attached is good or bad

From the question, we have the following parameters that can be used in our computation:

The residual plot

By definition:

A good residual plot should appear random and not follow any specific pattern.

This means that a good residual plot shows no clear trend

From the figure, we can see that the dots on the plot are scattered

Hence, the residual plot attached is good

User Jcarrera
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