Multiple Choice
i. In order to visualize the form of the regression equation, we can draw a scatter diagram.
ii. 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.
Iii) In regression analysis, the predicted value of Y' rarely agrees exactly with the actual Y value, i.e., we expect some prediction error.
A) (i) , (ii) and (iii) are all correct statements
B) (i) and (ii) are correct statements, but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) All statements are false
Correct Answer:

Verified
Correct Answer:
Verified
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