The method of least squares picks the slope and intercept of the sample regression equation by minimizing SSE.

Name: The method of least squares picks the slope and intercept of the sample regression equation by minimizing SSE.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The method of least squares finds the values of the coefficients (slope and intercept) that minimize the sum of the squared errors (SSE) between the predicted values and the actual values of the dependent variable in the sample data. Therefore, the statement is true.

The Method of Least Squares Picks the Slope and Intercept