Question

method applied for deriving the regression equation is known as a) product moment b) least squares c) repetitive d) iterative​

Answer 1

Answer:

The correct answer is b) least squares.

Step-by-step explanation:

• In order to find the line of best fit for a set of data, the least-squares method is a type of mathematical regression analysis. It offers a visual representation of the relationship between the data points. The correlation between a known independent variable and an unknowable dependent variable is represented by each data point.
• By reducing the total of the offsets or residuals of points from the plotted curve, the least-squares method is a statistical technique for determining the best fit for a set of data points.
• In order to forecast the behavior of dependent variables, least squares regression is performed.
• The location of the line of best fit among the data points under study is explained generally by the least-squares method.

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