Week 4 discussion 1

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gcbcr15

Business Finance

Description

For this discussion, you will assess the use of various support decision tools and explain why outliers are sometimes called influential observations. Discuss what could happen to the slope of a regression of Y versus a single X when an outlier is included versus when it is not included. Will this necessarily happen when a point is an outlier? You are required to give at least two examples in your response.

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An outlier may be defined as an observation that fails to follow the general trend rule thus
falling away from the rest of the data. Besides, it is said to be the data where the y response does
not follow the trend like other data and as such influences regression analysis. Some of the
regression analysis in this case m...


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