The least squares regression line gives unbiased estimates of β₀ and β₁.

Name: The least squares regression line gives unbiased estimates of β 0 and β 1 .
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The least squares regression line estimates β₀ and β₁ without bias. In other words, the expected value of the estimation error is zero for both coefficients. This property is a consequence of the way the least squares method minimizes the sum of the squared residuals.

The Least Squares Regression Line Gives Unbiased Estimates of β0

The Least Squares Regression Line Gives Unbiased Estimates of β₀