Least Squares Estimates Are the Estimates That Correspond to the Smallest

question 55

True/False

Least squares estimates are the estimates that correspond to the smallest sum of the squared distances, or errors.

---

Definitions:

Theoretical Standpoint

A perspective or viewpoint informed by a coherent set of theoretical ideas, often guiding analysis or interpretation.

Practical One

Refers typically to a person or approach that focuses on practical actions and solutions rather than theoretical or abstract ideas.

Aristotle

An ancient Greek philosopher and scientist, a student of Plato and teacher of Alexander the Great, known for his contributions to many fields of knowledge.

External Compulsion

A force or influence from outside oneself that pressures or obliges one to act in a certain way, often limiting personal freedom or choice.