QQ plot
- QQ plot = Normal Probability Plot = Quantile-Quantile Plot
- Tests for normal distribution
- Caution: Quantiles are points, not intervals.
- Suppose there are n samples.
- Calculate n+1-quantiles given normal distribution. (Here, the number of n+1-quantiles is n. The quantiles can be calculated with NORMSINV function in excel. Therefore, the quantiles are expressed in z scores.)
- If i-th sample's z score is smaller than i-th quantile, it will be situated below the straight line. If larger, above the straight line. This is the way how to interpret the QQ plot.
- If all sample values are above the straight line, it implies right skewness. For more examples, refer to this great question and answer from CrossValidated. (http://stats.stackexchange.com/questions/101274/how-to-interpret-a-qq-plot)
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