Application of the Least Squares Method Results in Values of the Y-Intercept

question 15

Multiple Choice

Application of the least squares method results in values of the y-intercept and the slope that minimizes the sum of the squared deviations between the​

• A) ​observed values of the independent variable and the predicted values of the independent variable.
• B) ​observed values of the independent variable and the predicted values of the dependent variable.
• C) ​observed values of the dependent variable and the predicted values of the dependent variable.
• D) ​observed values of the dependent variable and the predicted values of the independent variable.

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Definitions:

Metric Tonne

A unit of mass equivalent to 1,000 kilograms or approximately 2,204.6 pounds.

US$

The abbreviation for United States Dollar, the official currency of the United States.

West Virginia Coal

Coal mining industry in the state of West Virginia, known for its significant contribution to the US coal supply.

Currency Exchange

The act of exchanging one country's currency for another's, often done to facilitate international trade or travel.