What is an advantage of the least squares method for determining a trend line equation?
A)It minimizes the error sum of squares.
B)It is subject to human error.
C)Forecasts have zero error.
D)It is easy to calculate by hand.

Question

Quizplus · Accepted Answer

The advantage of the least squares method is that it minimizes the error sum of squares, which means that it provides the best fit for the data and is statistically accurate. The other options are not advantages of the method.

What Is an Advantage of the Least Squares Method for Determining