Solved

I in Order to Visualize the Form of the Regression

Question 1

Multiple Choice

i. In order to visualize the form of the regression equation, we can draw a scatter diagram. ii. The least squares technique minimizes the sum of the squares of the vertical distances between the actual Y values and the predicted values of Y.
iii. In regression analysis, the predicted value of Y' rarely agrees exactly with the actual Y value, i.e., we expect some prediction error.


A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents