Assigning shares of "relative importance" to each of a set of regressors is one of the key goals of researchers applying linear regression, particularly in sciences that work with observational data.

Residuals from fit are often examined in regression analysis. A test suggested by Ellenberg [5] and Prescott [7] for the largest residual being an outlier is implemented through table development.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...