Card 135 / 180: The method of least squares used to estimate a regression line is best described by which of the following?
A)
Solve for the minimum possible sum of the squared errors (SSE) from a sample of data scattered around a straight line.
B)
Solve for the maximum possible sum of the squared errors (SSE) from a sample of data scattered around a straight line.
C)
Solve for the minimum possible residuals from a sample of data scattered around a straight line.
D)
Solve for the minimum possible correlation coefficient from a sample of data scattered around a straight line.
Answer:
A) Solve for the minimum possible sum of the squared errors (SSE) from a sample of data scattered around a straight line.
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