The Least Squares Regression Line Is Obtained When the Sum

question 27

True/False

The least squares regression line is obtained when the sum of the squared residuals is minimized.

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Definitions:

Relationship

A connection, association, or involvement between two or more variables or entities.

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly the mean.

Regression Slope

Indicates the steepness and direction of the linear relationship between two variables on a regression plot.

Variance

A calculation of how spread out a data set is, determined by the mean of the squared deviations from the average.