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For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
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Least Squares
A mathematical method used in regression analysis to find the line of best fit for a set of data by minimizing the sum of the squares of the differences between the observed values and those predicted by the model.
Coefficient Of Correlation
A statistical measure that calculates the strength and direction of a linear relationship between two variables.
Coefficient Of Determination
A statistical measurement that assesses the proportion of variance in the dependent variable that is predictable from the independent variable(s), often denoted as R^2.
SSR
Sum of Squares due to Regression, a measure in statistics that quantifies the explanation of variance by the linear regression model.
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