With Respect to the Ordinary Least-Squares Technique of Estimating an Equation

question 4

Multiple Choice

With respect to the ordinary least-squares technique of estimating an equation,
"best fitting" means that the estimated equation line will:

• A)be as straight as possible.
• B)pass through the minimum number of the observed data points as possible.
• C)be as close as possible to the observed data points.
• D)maximize the sum of the distances between the estimated line and observed data points.

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