"Ordinary least squares" is a technique that can be used to
A)identify the best model.
B)determine which variables in a model are endogenous and which are exogenous.
C)obtain a bar graph showing successive quarterly increases in output.
D)obtain a line describing consumption behavior in the real world.
E) determine the direction of causation between consumption and income.

Question

Quizplus · Accepted Answer

Ordinary least squares (OLS) is a method used in linear regression to estimate the relationship between variables, often used to describe behaviors such as consumption in relation to other factors.

"Ordinary Least Squares" Is a Technique That Can Be Used