1. Based on the text on regression assumptions (below) and your additional research, discuss the potential impact of assumption violation on interpretation of regression results.
2. Is there any influence of the assumption violation on the business decision making? If so, how? If not, why?
You do not have to use the background information as a source. please use at least 1 resource from your research.
Module 3 – Background information
SIMPLE LINEAR REGRESSION
The primary resource is Introductory Business Statistics by Alexander, Illowsky, and Dean.
Alexander, H., Illowsky, B., & Dean, S. (2017). Introductory Business Statistics. Openstax. Retrieved from https://openstax.org/details/books/introductory-business-statistics
Chapter 13: Linear Regression and Correlation
Sections 13.1, 13.2, 13.3 and 13.7 only
This chapter introduces correlation coefficients and linear regression analysis.
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