Chart of cook's distance to detect observations that strongly influence fitted values of the model.

ols_plot_cooksd_chart(model, type = 1, print_plot = TRUE)

Arguments

model

An object of class lm.

type

An integer between 1 and 5 selecting one of the 6 methods for computing the threshold.

print_plot

logical; if TRUE, prints the plot else returns a plot object.

Value

ols_plot_cooksd_chart returns a list containing the following components:

outliers

a data.frame with observation number and cooks distance that exceed threshold

threshold

threshold for classifying an observation as an outlier

Details

Cook's distance was introduced by American statistician R Dennis Cook in 1977. It is used to identify influential data points. It depends on both the residual and leverage i.e it takes it account both the x value and y value of the observation.

Steps to compute Cook's distance:

  • Delete observations one at a time.

  • Refit the regression model on remaining \(n - 1\) observations

  • exmine how much all of the fitted values change when the ith observation is deleted.

A data point having a large cook's d indicates that the data point strongly influences the fitted values. There are several methods/formulas to compute the threshold used for detecting or classifying observations as outliers and we list them below.

  • Type 1 : 4 / n

  • Type 2 : 4 / (n - k - 1)

  • Type 3 : ~1

  • Type 4 : 1 / (n - k - 1)

  • Type 5 : 3 * mean(Vector of cook's distance values)

where n and k stand for

  • n: Number of observations

  • k: Number of predictors

Deprecated Function

ols_cooksd_chart() has been deprecated. Instead use ols_plot_cooksd_chart().

See also

[ols_plot_cooksd_bar()]

Examples

model <- lm(mpg ~ disp + hp + wt, data = mtcars) ols_plot_cooksd_chart(model)