The goal of regression analysis is to make the residuals as small as possible.

Question

Quizplus · Accepted Answer

Regression analysis aims to find the line or curve that will best fit the data points and minimize the distance between the observed data and the predicted values. This is achieved by minimizing the sum of squared residuals. Therefore, the goal of regression analysis is to make the residuals, which are the differences between the observed and predicted values, as small as possible.

The Goal of Regression Analysis Is to Make the Residuals