The method of least squares requires that the sum of the squared deviations between actual y values in the scatter diagram and y values predicted by the regression line be minimised.

Question

Quizplus · Accepted Answer

This statement is true. The method of least squares involves finding the regression line that minimizes the sum of the squared deviations between the actual y values and the predicted y values on the line.

The Method of Least Squares Requires That the Sum of the Squared