Residual plot helps in analyzing the model using the values of residues. It is plotted between predicted values and residue. Their values are standardized. The distance of the point from 0 specifies how bad the prediction was for that value. If the value is positive, then the prediction is low. If the value is negative, then the prediction is high. 0 value indicates prefect prediction. Detecting residual pattern can improve the model.
Select one of the following: