Statistics (12th Edition)

Published by Pearson
ISBN 10: 0321755936
ISBN 13: 978-0-32175-593-3

Chapter 11 - Simple Linear Regression - Exercises 11.11 - 11.31 - Understanding the Principles - Page 561: 11.12

Answer

Two properties of the line estimated with the method of least squares are as under: - 1. The sum of the errors equals 0, i.e., mean error of prediction = 0 . 2. The sum of squared errors (SSE) is smaller than that for any other straight-line model

Work Step by Step

Properties are given in textbook
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