Solved

With Respect to the Ordinary Least-Squares Technique of Estimating an Equation

Question 4

Multiple Choice

With respect to the ordinary least-squares technique of estimating an equation,
"best fitting" means that the estimated equation line will:


A) be as straight as possible.
B) pass through the minimum number of the observed data points as possible.
C) be as close as possible to the observed data points.
D) maximize the sum of the distances between the estimated line and observed data points.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions