What Does the Least Squares Method Do Exactly

question 5

Multiple Choice

What does the least squares method do exactly?

• A) Minimizes the distance between data points
• B) Finds the least problematic regression line
• C) Finds those (best) values of the intercept and slope that provide us with the smallest value of the residual sum of squares
• D) Finds those (best) values of the intercept and slope that provide us with the smallest value of the sum of residuals

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