The multiple regression formulas used to estimate the regression coefficients are designed to ________________.
A)minimize the total sum of squares (SST)
B)minimize the sum of squares of error (SSE)
C)maximize the standard error of the estimate
D)maximize the p-value for the calculated F value
E)minimize the mean error

Question

Quizplus · Accepted Answer

The multiple regression formulas aim to minimize the sum of squares of error (SSE), which represents the difference between the observed and predicted values, to create the most accurate model possible.

The Multiple Regression Formulas Used to Estimate the Regression Coefficients