The Equation Y = a + BX,the Objective of Regression

question 1

Multiple Choice

the equation Y = a + bX,the objective of regression analysis is to

• A)estimate the parameters a and B
• B)estimate the variables Y and X.
• C)fit a straight line through the data scatter in such a way that the sum of the squared errors is minimized.
• D)both a and c

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Definitions:

Concurrent Conditions

In a contract, terms under which each party’s performance is conditioned on the performance of the other; occur only when the parties are required to perform for each other simultaneously.

Express

Implies clear and direct communication or conveyance of an idea, intention, or item without any ambiguity.

Executory

A term applied to a contract in which not all of the terms have been fully performed.

Doctrine of Substantial Performance

A legal principle acknowledging that if a party has performed enough of its contractual obligations, it may warrant payment, minus damages for incomplete work.