Simple regression estimates an equation that minimises the distance from each data point to:
A) The error term
B) The y-intercept
C) A trend line
D) The x-axis

Question

Quizplus · Accepted Answer

Simple regression analysis estimates an equation that minimizes the distance from each data point to a trend line, typically using the least squares method. This trend line represents the best fit through the data points, capturing the relationship between the independent and dependent variables.

Simple Regression Estimates an Equation That Minimises the Distance from Each