Tag Archives: Residual plot

Residual Plots

Residual plots graph the distance of each data point from the curve in a chosen model, and can be used to tell if a given data set fits a selected model. A residual is the distance of a point from the curve. When making a residual plot, the x-axis is the same as in the […]

Residual Plots

A┬áresidual plot┬áis a graph used to demonstrate how the observed value differ from the point of best fit. A residual plot will have the appearance of a scatter plot, with the residuals on the y-axis and the independent variable on the x-axis. A residual plot is used to determine if residuals are equal, which is […]