The following residual plot is obtained after a regression equation is determined for a set of data. Does the residual plot suggest that the regression equation is a bad model? Why or why not? 
Definitions:
Demand
Demand refers to consumers' desire and willingness to purchase a good or service at a specific price level.
Labor
The deployment of human intellectual and bodily efforts towards the creation of products and services.
Price Capital
The cost of acquiring assets used for production, such as machinery or buildings, often referred to as investment in capital goods.
Employment Decline
A reduction in the number of employed individuals within a specific job market, sector, or economy over a certain period.
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