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

Question

Quizplus · Accepted Answer

The least squares regression line is designed to minimize the residual sum of squares, which means that the estimated coefficients for β0 and β1 will be unbiased. This property makes linear regression a popular tool for estimating the relationship between variables. However, it is important to note that the assumptions of the linear regression model need to be met in order for the estimates to be unbiased and reliable.

The Least Squares Regression Line Gives Unbiased Estimates of β0