The least squares method refers to
A) a computation in linear regression.
B) selecting participants for the Delphi Technique.
C) time series decomposition into smaller and smaller units.
D) determining the smallest sources of error in a forecast.
E) calculating the running sum of forecast errors.

Question

Quizplus · Accepted Answer

The least squares method is a standard approach in linear regression analysis to minimize the sum of the squares of the differences between observed and predicted values.

The Least Squares Method Refers to