Which regression estimation technique is based on the logic of how much better a regression line can predict values of Y compared to simply using the mean as a prediction for all observations no matter what the value of X may be?
A)visual estimation
B)maximum likelihood
C)coefficient of determination
D)ordinary least squares (OLS)

Question

Quizplus · Accepted Answer

The regression estimation technique based on the logic of how much better a regression line can predict values of Y compared to simply using the mean as a prediction for all observations, regardless of the value of X, is the ordinary least squares (OLS) technique. Choice D is the only option that mentions OLS, making it the best choice.

Which Regression Estimation Technique Is Based on the Logic of How