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Influential And High-leverage Observations, OutliersLeverage, Outliers, And Influence •Leverage: Measures How Far Away X Iis From The Other Xvalues [goes From 0 To 1, From “average X” To “very Unusual X”] •High Leverage: Unusual Value Of X I, Which May Or May Not Be Well Predicted By Our Line 19th, 2024Influential Observations, High Leverage Points, And ...Key Words And Phrases: Influence, Leverage, Outliers, Regression Diagnostics, Residuals. 1. NOTATION We Consider A Multiple Linear Regression Model: (1) Y= X: + C Where Y Is An N X 1 Vector Of Values Of The Response (dependent) Variable, X Is An N X P Full-column Rank 4th, 2024Cases High Leverage Have One Or More Extreme Explanatory 2 ...Strongly Influence Results. 3 Types Of Unusual Cases: 1. Cases With High Leverage Have One Or More Extreme Explanatory Variable Values. (Unusual X Values) 2. Outliers Do Not Fit The Trend Of The Rest Of The Data, Identified By Having Large Residuals. (Unusual Y Values) 3. Influential Cases Have A Strong Impact On Some Aspect Of The 13th, 2024.
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