method of least squares
A)can be used to estimate the explanatory variables in a linear regression equation.
B)can be used to estimate the slope parameters of a linear equation.
C)minimizes the distance between the population regression line and the sample regression line.
D)all of the above

Question

Quizplus · Accepted Answer

The method of least squares is primarily used to estimate the parameters (including the slope) of a linear regression model by minimizing the sum of the squares of the differences between the observed values and the values predicted by the model. Choices A and C describe concepts not directly related to the primary function of the method of least squares.

Method of Least Squares