INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 142

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The factor that is likely to have the greatest effect on your automobile insurance is your [driving record | address].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Least Squares Method

The method used to develop the estimated regression equation. It minimizes the sum of squared residuals (the deviations between the observed values of the dependent variable, yi, and the predicted values of the dependent variable, ŷi).

Observed Values

The actual measurements or data collected in an experiment or study.

Predicted Values

The outcomes or values estimated based on a mathematical model or prediction equation.

Y-intercept

The point on a graph where a line intersects the Y-axis, often used to represent the starting value of a relationship in linear equations.