To interpret whether there is evidence of homoscedasticity we should look at…
A) the histogram.
B) the scatterplot.
C) VIF.
D) tolerance.

Question

Quizplus · Accepted Answer

The scatterplot is used to visually assess the relationship between two quantitative variables, including patterns of variability (homoscedasticity) across the range of values. Homoscedasticity refers to the situation where the variance of the residuals is constant across all levels of the independent variable(s), and scatterplots can help identify whether this assumption is met.

To Interpret Whether There Is Evidence of Homoscedasticity We Should