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Normal Distribution Of Error Term.
Normal Distribution Of Error Term Table Of Contents: What Is A Normal Distribution? Why Normal Distribution Is Matter? Why Is Error Term Should Be Normally Distributed? Remedies For Non-Normal Error Distribution. (1) What Is A Normal Distribution? In a normal distribution, data is symmetrically distributed with no skew. When plotted on a graph, the data follows a bell shape, with most values clustering around a central region and tapering off as they go further away from the center. Normal distributions are also called Gaussian distributions or bell curves because of their shape. (2) Why Normal Distribution Is Important? All kinds of variables in
