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A husband and wife both work during the week and decide that on Saturday morning the inside of the house must be cleaned and the yard must be mowed and weeded.If it takes the husband four hours to clean the house and two hours to do the yard work,and the wife can do these tasks in two hours and one hour,respectively
Regression Analysis
A statistical method for examining the relationship between a dependent variable and one or more independent variables.
Least Squares Line
The least squares line refers to the line of best fit in linear regression, minimizing the sum of the squared differences between observed and predicted values.
Predicted Amount
The estimated value of a variable or outcome according to a model or predictor variable(s).
Residuals
The differences between observed and predicted values of data, used in statistical models to analyze the goodness of fit.
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