What are linear regression assumptions?
Company: Bnp
Role: Data Scientist
Category: Machine Learning
Difficulty: easy
Interview Round: Technical Screen
You fit an ordinary least squares (OLS) linear regression model.
1) What are the key assumptions behind OLS (for unbiasedness and for valid inference)?
2) How would you diagnose common violations?
3) What are typical mitigations if assumptions fail?
Quick Answer: Assesses understanding of the assumptions underlying ordinary least squares linear regression and the application of diagnostic methods to ensure unbiased parameter estimates and valid statistical inference.