In the method of least squares,what is the deviation?
A)the difference between the predicted and estimated costs
B)the difference between the predicted and average costs
C)the difference between the predicted and budgeted costs
D)the difference between the predicted and actual costs

Question

Quizplus · Accepted Answer

In the method of least squares, the deviation refers to the difference between the predicted and actual costs. The purpose of using the least squares method is to minimize the sum of the squared deviations, i.e., the sum of the squared differences between the predicted and actual costs. Therefore, option D is the correct choice. Options A, B, and C do not accurately describe the concept of deviation in the context of the method of least squares.

In the Method of Least Squares,what Is the Deviation