Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 4 - Section 4.2 - Assess Your Understanding - Explaining the Concepts - Page 220: 32

Answer

The quote of Legendre explains that the method of the least squares is the general, the exact, and the easiest method, and is obtained by minimizing the error sum of squares. The method prevents the effect of extreme values on the result. The fitted line that is obtained by minimizing the error sum of squares is approximately equal to the actual data.

Work Step by Step

Given above.
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