The following table gives the US domestic oil production rates (excluding Alaska) over the past few years. A
regression equation was fit to the data and the residual plot is shown below. Does the residual plot suggest that the regression equation is a bad model? Why or why not?

Question

The following table gives the US domestic oil production rates (excluding Alaska) over the past few years. A
regression equation was fit to the data and the residual plot is shown below.   Does the residual plot suggest that the regression equation is a bad model? Why or why not?

Quizplus · Accepted Answer

The Answer of The following table gives the US domestic oil production rates (excluding Alaska) over the past few years. A
regression equation was fit to the data and the residual plot is shown below.   Does the residual plot suggest that the regression equation is a bad model? Why or why not?

The Following Table Gives the US Domestic Oil Production Rates