For a linear regression model, a useful but underutilized diagnostic tool is the partial regression leverage plot. Also called the partial regression plot, this plot visualizes the parameter estimates table for the regression. For each effect in the model, you can visualize the following statistics: The estimate for each regression
An early method for robust regression was iteratively reweighted least-squares regression (Huber, 1964). This is an iterative procedure in which each observation is assigned a weight. Initially, all weights are 1. The method fits a least-squares model to the weighted data and uses the size of the residuals to determine
If you are thinking that nobody in their right mind would implement a Calculator API Service with a machine learning model, then yes, you’re probably right. But considering curiosity is in my DNA, it sometimes works this way and machine learning is fun. I have challenged myself to do it,
