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:

Mycenae

An ancient city located in the Peloponnese of Greece, known for its significant archaeological sites from the Mycenaean civilization.

Spring Fresco

Refers to a fresco painting from the Bronze Age, found in Akrotiri on the island of Thera (modern Santorini), depicting a vibrant spring landscape.

Akrotiri

A Minoan Bronze Age settlement on the Greek island of Santorini, preserved under volcanic ash and known for its advanced architecture and frescoes.

Landscape

Depictions of natural scenery in art, emphasizing the aesthetics of nature and often featuring mountains, trees, rivers, or forests.