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In: Statistics and Probability

What is the least squares method and how is it used to find the estimated regression...

What is the least squares method and how is it used to find the estimated regression equation? What is the role of least squares method in calculating coefficient of determination? Explain.

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Expert Solution

Least square regression equation and R-squared in excel for example:

you can see both regression equation and r-squared (coefficient of determination) on the chart.

orchestra answered 1 year ago
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