The method of least squares requires that the sum of the squared deviations between actual y values in the scatter diagram and y values predicted by the regression line be minimized.

Name: The method of least squares requires that the sum of the squared deviations between actual y values in the scatter diagram and y values predicted by the regression line be minimized.
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Quizplus · Accepted Answer

This is exactly what the method of least squares does - it minimizes the sum of the squared deviations.

The Method of Least Squares Requires That the Sum of the Squared