Dear Han, Your interpretation is clear, and I agree that multicollinearity does not seem to be a serious problem because the condition indices are not very high. The ...
Dear Han, Your interpretation is clear, and I agree that multicollinearity does not seem to be a serious problem because the condition indices are not very high. The scatterplot also looks fairly random, so the assumptions of linearity and homoscedasticity seem reasonably met. One small point is that you mentioned possible outliers because of the higher residual value, so it might be helpful to check standardized residuals more closely or review extreme cases. Overall, your assumptions seem mostly satisfied.