When Considering a Linear Regression Analysis,the Least-Squares Line Minimizes the Total

question 56

True/False

When considering a linear regression analysis,the least-squares line minimizes the total variance of the distances of the observed points from the theoretical line.

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Definitions:

Pension Trust Fund

A fund established by an employer to invest and manage the assets set aside for future pension payments to retirees.

Fiduciary Fund

A fund used by a government to account for assets held in a trustee or agency capacity for individuals, private organizations, or other governments.

GASB Concepts Statement No. 1

A document issued by the Governmental Accounting Standards Board outlining objectives and concepts that guide the development of accounting and financial reporting standards for state and local governments.