Which of the following options is the best explanation of why the least squares method of fitting a regression line is preferred?
A) It is quick and easy
B) It allows for individual interpretation
C) It can be understood easily
D) It is mathematically derived

Question

Quizplus · Accepted Answer

The least squares method is preferred because it is mathematically derived, providing a systematic and reliable approach to fitting a regression line by minimizing the sum of the squares of the differences between observed and predicted values.

Which of the Following Options Is the Best Explanation of Why