What are the intercept and the slope computed on the basis of in regression analysis?
A)parsimony
B)the least squares' criterion
C)the most squares' criterion
D)the size of the coefficients
E)none of the above; the intercept and slope are not computed in regression analysis

Question

Quizplus · Accepted Answer

The intercept and slope in regression analysis are computed on the basis of the least squares' criterion, which is the method used to find the line of best fit that minimizes the sum of the squared differences between the observed and predicted values.

What Are the Intercept and the Slope Computed on the Basis