visual displays of data in regression, accounting homework help

Explain the benefits of using visual displays of data in regression analysis. Address specifically the use of a scatterplot and a plot of residuals. You may explain how a scatter diagram can be used to identify which type of regression, and how a plot of residuals can be used in developing the regression model.

The answer should be around 200 words, and supported by professional or academic sources. All citation, in-text and references, should be in APA format. (at least two).

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