Non-normally distributed outcome variable violate the general assumption of a linear regression model? Provide supporting arguments.
Explore Exercise Question # 1, page 190 in Text Book
In the Income linear regression example, consider the distribution of the outcome variable Income. Income values tend to be highly skewed to the right (distribution of value has a large tail to the right).
A). Does such a non-normally distributed outcome variable violate the general assumption of a linear regression model? Provide supporting arguments. Support each suggestion with scholarly citation and references – APA formatting.
Text Book Link:http://index-of.co.uk/Big-Data-Technologies/Data%20Science%20and%20Big%20Data%20Analytics.pdf
Sample Solution
