A Regression Line Minimizes the Sum of the Squared Error

question 99

Multiple Choice

A regression line minimizes the sum of the squared error values.This means that the regression line minimizes the sum of ______ from each point in the scatter point to the regression line.

• A)the squares of the distances
• B)the squares of the horizontal distances (differences in the x-coordinates)
• C)the squares of the vertical distances (differences in the x-coordinates)
• D)the squares of the horizontal distances (differences in the y-coordinates)
• E)the squares of the vertical distances (differences in the y-coordinates)

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Definitions:

Developing Nations

Countries with a low level of material well-being and economic development.

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A plan designed by a business or individual to effectively sell products or services and maximize revenue.

Global Convergence

The spread of common preferences across national borders.