Which of the following is a common approach to fitting a line to the scatterplot?
A) Residual Sum of Squares.
B) Error Least Squares.
C) Ordinary Least Squares.
D) Regression Least Squares.

Question

Quizplus · Accepted Answer

Ordinary Least Squares is the most common approach used to fit a line to a scatterplot. It involves minimizing the sum of the squared vertical distances between each data point and the line.

Which of the Following Is a Common Approach to Fitting