Question: Following is a simple linear regression model: y i =0+ 1x i +i The following results were obtained from statistical software: s yx (regression standard

Following is a simple linear regression model:

yi=0+1xi+i

The following results were obtained from statistical software:

syx(regression standard error) = 5.976

SST = 2,018.73

n(total observations) = 30

Variable Parameter Estimate Std. Err. of Parameter Est.
Constant -0.0082 0.0037
X -0.0026 0.0011

The ordinary least squares (OLS) method of estimation means that one obtains the estimates of slope and intercept by finding the least value (s) of :

Group of answer choices

the slope only

the intercept only

both the slope and intercept

the sum of squared residuals

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