Multiple Choice
Which of the following is a reason why estimating the slope and intercept of a simple linear regression line using the least absolute deviations (LAD) approach is not as common as OLS?
A) The objective function for LAD is less intuitive than for OLS.
B) LAD suffers from heteroskedasticity.
C) Taking the absolute value of residuals in most software programs is difficult.
D) The solution for LAD isn't always unique.
Correct Answer:
Verified
Correct Answer:
Verified
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