Question

Match each of the following terms associated with the least-squares regression method with its appropriate definition:
_____ 1. R square
_____ 2. Error
_____ 3. Intercept
_____ 4. Coefficient of the x variable
A. Estimate of total fixed cost.
B. Vertical distance between the prediction line and each data point.
C. Measure of the model’s goodness of fit.
D. Direction of the correlation between the variables.
E. Estimate of variable cost.



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  • CreatedFebruary 27, 2015
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