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I the Least Squares Technique Minimizes the Sum of the Squares

question 103

Multiple Choice

i. The least squares technique minimizes the sum of the squares of the vertical distances between the actual Y values and the predicted values of Y. ii. When a regression line has a zero slope, indicating a lack of a relationship, the line is vertical to the x-axis.
iii. In regression analysis, the predicted value of Y' rarely agrees exactly with the actual Y value, i.e., we expect some prediction error.


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