What does it mean when we say that the regression line is the least squares line

Question

What does it mean when we say that the regression line is the least squares line?
The sum of squares of the vertical _______ the regression line is the least among all possible lines.

Score: /3 Attempts: 5. Chapter 4, Section 4.2, Exercise Set 2, Exercise 4.28 What does it mean when we say that the regression line is the least squares line? The sum of the squares of the Aa Aa vertical the intercepts of points on deviations of the actual data points from regression line is the least among all possible lines. Graded Save Continue Continhe without savi Accessibilic Copyright Notices Terms of Use Privacy Notice security Notice

Explanation / Answer

Correct option:

The sum of the squares of the vertical deviations of the actual data from the regression line is least among all possible lines.

EXPLANATION:

The least square regression works by making the total of the squares of the errors (called residuals) as small as possible.

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