Asked by Sarah Bradley on Apr 24, 2024
Verified
You are given the following information about y and x. The least squares estimate of the intercept or b0 equals
A) 1.
B) -1.
C) -10.75.
D) 10.75.
Least Squares Estimate
A mathematical method used to determine the best-fitting line or curve to a set of data points by minimizing the sum of the squares of the differences between the observed values and the values provided by the model.
Intercept
In regression analysis, the point where the line of best fit intersects the y-axis, indicating the expected value of the dependent variable when all independent variables are zero.
Dependent Variable
In an experiment or model, it is the variable being tested and measured, which is expected to change as a result of manipulations of the independent variable(s).
- Compute the least squares estimates for the linear regression's slope and intercept.
Verified Answer
Learning Objectives
- Compute the least squares estimates for the linear regression's slope and intercept.
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