Economy, asked by niyonsabaisaacnest19, 2 months ago

Why docs the OLs estimation involve taking vertical deviation of the points of the line rather than horizontal line?

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Answered by kumarpraveen00080

Answer:

In OLS estimation, given the data set (xx,y:)=1, we fit a line y=mx+c such that the sum of the squares of the errors between yi and mxi + c is minimum. The reason for taking vertical deviations of the...

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