Which of the following statements is/are true? CHECK ALL THAT APPLY. The SER (Standard Error of the Regression) measures the typical vertical distance of the data points to the estimated regression line. The least squares method chooses the values of the regression coefficients that minimize the sum of squared residuals. The residual and the error term are the exact same concepts. There are as many data points above the estimated regression line as there are below it. The sum of OLS residuals is always zero. The regression line estimated by OLS cannot have a slope of zero.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Which of the following statements is/are true?
CHECK ALL THAT APPLY.
The SER (Standard Error of the Regression) measures the typical vertical distance of the data
points to the estimated regression line.
The least squares method chooses the values of the regression coefficients that minimize the sum
of squared residuals.
The residual and the error term are the exact same concepts.
There are as many data points above the estimated regression line as there are below it.
The sum of OLS residuals is always zero.
The regression line estimated by OLS cannot have a slope of zero.
Transcribed Image Text:Which of the following statements is/are true? CHECK ALL THAT APPLY. The SER (Standard Error of the Regression) measures the typical vertical distance of the data points to the estimated regression line. The least squares method chooses the values of the regression coefficients that minimize the sum of squared residuals. The residual and the error term are the exact same concepts. There are as many data points above the estimated regression line as there are below it. The sum of OLS residuals is always zero. The regression line estimated by OLS cannot have a slope of zero.
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