Question

When you calculate your regression line, you are: Group of answer choices Minimizing the sum of the errors Finding the error for each observation, squaring the error and minimizing the sum Finding the absolute value of the error terms and minimizing the sum of the absolute values

Answer 1

Finding the error for each observation, squaring the error and minimizing the sum

Explanation:

The regression line is a straight line which gives a description of how the dependent variable y changes as changes occur in the independent variable X. It gives a prediction of the value of Y for any given value of X.

The method of least squares is used for squaring the error and also used for minimising the sum. Therefore, when you calculate the regression line, you would be Finding the error for each observation, squaring the error and minimizing the sum.