The Least-Square Method Is a Technique That Chooses a and B

question 25

True/False

The least-square method is a technique that chooses a and b such that the residual sum of squares is the least.

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Definitions:

Ethical Perspective

A viewpoint or approach considering what is morally right or wrong in the context of decision-making or behavior.

Utility

In economics, utility refers to the satisfaction or benefit derived by consumers from consuming goods or services.

Liberty

The state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.

Participative Leadership

A leadership style where decision-making is shared among the group, incorporating employee input in organizational decisions.