Describe in words why minimizing the sum of the absolute deviations for a linear model is different
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Describe in words why minimizing the sum of the absolute deviations for a linear model is different from minimizing the sum of the squared deviations for a linear model. How might you teach this to another student struggling to understand these concepts?
Related Book For
Principles Of Econometrics
ISBN: 9781118452271
5th Edition
Authors: R Carter Hill, William E Griffiths, Guay C Lim
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