What is accomplished by the "method of least squares" O A line is developed which minimizes the sum of the squared deviations between the estimated y values and the actual y values O Residual values are maximized O It is the only method of identifying residual values O A line is developed which maximizes the variation in the y value, through its linear relationship to the x variable O Squares are leased instead of purchased, thereby minimizing out of pocket capital expenditures in the short run planning horizon

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
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What is accomplished by the "method of least squares"?
O A line is developed which minimizes the sum of the
squared deviations between the estimated y values
and the actual y values
O Residual values are maximized
O It is the only method of identifying residual values
O A line is developed which maximizes the variation in
the y value, through its linear relationship to the x
variable
O Squares are leased instead of purchased, thereby
minimizing out of pocket capital expenditures in the
short run planning horizon
Transcribed Image Text:What is accomplished by the "method of least squares"? O A line is developed which minimizes the sum of the squared deviations between the estimated y values and the actual y values O Residual values are maximized O It is the only method of identifying residual values O A line is developed which maximizes the variation in the y value, through its linear relationship to the x variable O Squares are leased instead of purchased, thereby minimizing out of pocket capital expenditures in the short run planning horizon
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