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Essentials of Marketing Research 3rd Edition by Joseph Hair ,Mary Celsi ,Robert Bush,David Ortinau
Edition 3ISBN: 978-0078028816Essentials of Marketing Research 3rd Edition by Joseph Hair ,Mary Celsi ,Robert Bush,David Ortinau
Edition 3ISBN: 978-0078028816 Exercise 3
The ordinary least squares (OLS) procedure commonly used in regression produces a line of "best fit" for the data to which it is applied. How would you define best fit in regression analysis? What is there about the procedure that guarantees a best fit to the data? What assumptions about the use of a regression technique are necessary to produce this result?
Explanation
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Regression analysis can be defined as a ...
Essentials of Marketing Research 3rd Edition by Joseph Hair ,Mary Celsi ,Robert Bush,David Ortinau
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