In bivariate regression analysis, the procedure used to determine the best-fitting line is called the:
A) least squares procedure.
B) squared error procedure.
C) sum of errors procedure.
D) least error procedure.
E) minimum error procedure.

Question

Quizplus · Accepted Answer

The procedure used to determine the best-fitting line in bivariate regression analysis is the least squares procedure. This involves minimizing the sum of the squared errors between the predicted values and the actual values of the dependent variable.

In Bivariate Regression Analysis, the Procedure Used to Determine the Best-Fitting