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Commerce · Q453

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Graduate and Post Graduate · Commerce · question 453

Q453

A technique which minimizes sum of squared vertical difference, to determine regression line is considered as

A.
negative square technique
B.
positive square technique
C.
least square technique
Answer
D.
most square technique

Answer: Option C

Solution

Answer: Option C
Solution:
A technique which minimizes sum of squared vertical difference, to determine regression line is considered as least square technique. The least squares method is a form of mathematical regression analysis that finds the line of best fit for a set of data, providing a visual demonstration of the relationship between the data points.