The key step in deriving linear regression equations is finding values for the coefficients (a, b) that give the line that best fits the data.

Question

Quizplus · Accepted Answer

This statement is true. The coefficients in a linear regression equation represent the slope (b) and y-intercept (a) of the line that best fits the data, and finding the optimal values for these coefficients is a key part of the regression analysis process.

The Key Step in Deriving Linear Regression Equations Is Finding