Explain the purpose/function of Least Squared Criterion. Having a linear regression equation allows us to predict...

Explain the purpose/function of Least Squared Criterion.

Having a linear regression equation allows us to predict a variable score for any X value.

Expert Solution

orchestra answered 2 years ago

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In simple linear regression analysis, the least squares regression line minimizes the sum of the squared differences between actual and predicted y values. True False

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