7. The goal of OLS is to minimize the sum of squared deviations. The deviation is...

 

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7. The goal of OLS is to minimize the sum of squared deviations. The deviation is distance between from observed Y values to their fitted values. Which of following graphs correctly represent the distance? (10 points) y X (a) y X (b) y X (c) 7. The goal of OLS is to minimize the sum of squared deviations. The deviation is distance between from observed Y values to their fitted values. Which of following graphs correctly represent the distance? (10 points) y X (a) y X (b) y X (c)

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The detailed answer for the above question is provided below 2 One way to know if a graph has minimu... View the full answer