The ordinary least squares regression line always passes through the point (x̄,ȳ).

Name: The ordinary least squares regression line always passes through the point (x̄,ȳ).
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Quizplus · Accepted Answer

The point (x̄,ȳ) represents the mean values of the x and y variables, and this is the center of the data. The OLS regression line is calculated to minimize the distance between the line and the data points, and the line always passes through the center of the data, represented by (x̄,ȳ). Therefore, the statement is true.

The Ordinary Least Squares Regression Line Always Passes Through the Point