i. The least squares technique minimizes the sum of the squares of the vertical distances between
The actual Y values and the predicted values of Y.
ii. When a regression line has a zero slope, indicating a lack of a relationship, the line is vertical to
The x-axis.
iii. In regression analysis, the predicted value of Y' rarely agrees exactly with the actual Y value, i.e.,
We expect some prediction error.
A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.
Correct Answer:
Verified
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A) in
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Q7: i. In order to visualize the form
Q8: Given the scatter diagram below, that shows
Q10: i. If we are studying the relationship
Q11: i. A scatter diagram is a chart
Q13: i. The technique used to measure the
Q14: Given the scatter diagram below, that shows
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