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:

Feedback

Information provided regarding aspects of one's performance or understanding, which can be used as a basis for improvement.

Concurrent Control

The process of monitoring and adjusting ongoing activities and operations to ensure that goals are met efficiently and effectively.

Feedforward

A control mechanism designed to anticipate and prevent potential problems before they occur, rather than reacting to them afterward.

Corrective Action

Measures taken to identify and rectify problems, errors, or deviations in order to prevent their recurrence and ensure that objectives are achieved.