residual plots

  1. sufeipopo

    How to interpret residual plot of a logistic regression?

    Hi all, I'm working on a default probability model and was modeling the default probability using logistic regression. The pearson residual and deviance residual plots are attached. Can anyone give me some idea about how to interpret these two plots? Do these plots indicate...
  2. K

    Assumptions that underlie a regresion model

    Are there any statistical tests that i can use to evaluate whether the assumptions for the regression model are being met? The assumptions i want to test are: 1. The model adequately describes the behaviour of the data. 2. The random error term is an independently and normally...