A researcher gathers data on 25 households and estimates the following model. Ex

Question

A researcher gathers data on 25 households and estimates the following model. Expenditure 0 + ?1 Income? A residual plot of the estimated model is shown in the accompanying graph. 5000 4000 3000 2000 1000 o00 2000 4000 6000 2000 3000 4000 5000 Which of the following can be inferred from the residual plot? O The residuals have little variation. The residuals do not exhibit any pattern. O The residuals seem to fan out across the horizontal axis O The residuals are evenly distributed across the horizontal axis

Explanation / Answer

Based on given residual plot , there is incresing or decreasing trend or pattern not seen

ANSWER is " The residuals do not exhibit any pattern."

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