Linear Modelingmedium
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A standardized residual is defined as , where is the raw residual, is the residual standard error, and is the leverage of the -th point. Why are standardized residuals preferred over raw residuals when looking for outliers?
A standardized residual is defined as , where is the raw residual, is the residual standard error, and is the leverage of the -th point. Why are standardized residuals preferred over raw residuals when looking for outliers?