Which of the following is a characteristic of the method of least squares?
A)is a way to find the "best fitting" line through a set of data points
B)is a graphical way of separating a mixed cost
C)is easily done by hand
D)uses the highest and lowest data point

Question

Quizplus · Accepted Answer

The method of least squares is used to find the line of best fit through a set of data points by minimizing the sum of the squares of the differences between the actual data points and the predicted values on the line. It is not a graphical method, it is typically done using software or calculators, and it does not use only the highest and lowest data points.

Which of the Following Is a Characteristic of the Method