True or False. If False, explain briefly. a) Some of the residuals from a least squares linear

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True or False. If False, explain briefly.
a) Some of the residuals from a least squares linear model will be positive and some will be negative.
b) Least Squares means that some of the squares of the residuals are minimized.
c) We write y to denote the predicted values and y to denote the observed values.
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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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