The Ordinary Least Squares (OLS) Method of Estimation Will Minimize

question 102

Multiple Choice

The ordinary least squares (OLS) method of estimation will minimize:

• A)neither the slope nor the intercept.
• B)only the slope.
• C)only the intercept.
• D)both the slope and intercept.

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Definitions:

Mathematical Expression

A combination of numbers, symbols, and operators designed to represent a specific mathematical computation or value.

Mathematical Expression

A combination of numbers, symbols, and operators that represent a mathematical value or relationship.

Simplification

The process of reducing expressions into their simplest form by performing operations and combining like terms.

Simplification

The process of altering a mathematical expression to make it easier to understand or work with, often by combining like terms or applying mathematical laws.