
How to Check a Regression Fit
podcast episode with speaker Fred Schenkelberg
When fitting a line or curve to data, it’s a model. When modeling, it is worth remembering the George Box quote, “Essentially all models are wrong, but some are useful.” Yet, how do we separate a useful model from one that isn’t useful? One step in finding a helpful regression model is to consider the residuals. BTW: Weibull analysis is another term for regression analysis. [Read more…]