Which Regression Estimation Technique Is Based on the Logic of How

question 34

Multiple Choice

Which regression estimation technique is based on the logic of how much better a regression line can predict values of Y compared to simply using the mean as a prediction for all observations no matter what the value of X may be?

• A)visual estimation
• B)maximum likelihood
• C)coefficient of determination
• D)ordinary least squares (OLS)

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Definitions:

IQ Scores

A measure of an individual's cognitive ability compared to the population, typically represented as a numerical value derived from standardized tests.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, revealing the strength and direction of a relationship between them.

Happiness

A state of well-being and contentment characterized by positive emotions and satisfaction with life.