Examlex
The standard deviation and the mean can equal 0 in a data set that is normally distributed.
Least Squares Line
The least squares line refers to the line of best fit in linear regression, minimizing the sum of the squared differences between observed and predicted values.
Predicted Amount
The estimated value of a variable or outcome according to a model or predictor variable(s).
Residuals
The differences between observed and predicted values of data, used in statistical models to analyze the goodness of fit.
Sum Of Squared Deviations
The total of the squared differences between each observation and the mean of the data set, used in statistical analysis to measure variability.
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