The Least Squares Method Minimises Which of the Following

question 159

Multiple Choice

The least squares method minimises which of the following?

• A) SST
• B) SSR
• C) SSE
• D) All of the above.

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Definitions:

Advertising Costs

Expenses incurred by a business to promote its products, services, or brand through various media channels.

Franchisees

Individuals or entities that purchase the rights to operate a business under the franchisor's brand and system.

Franchisors

Companies that grant licenses to third parties to conduct business under their trademark and business model.

Decision-making Power

The authority to make choices and decisions, typically within an organizational or managerial context, influencing the course of a business or project.