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    Practical Econometrics
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    Exam 4: Simple Linear Regression
  5. Question
    Why Does Ordinary Least Squares (OLS)produce the "Best-Fit" Line? Explain
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Why Does Ordinary Least Squares (OLS)produce the "Best-Fit" Line? Explain

Question 36

Question 36

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Why does Ordinary Least Squares (OLS)produce the "best-fit" line? Explain.

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By minimizing the sum of squar...

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