Question: Why is simple linear regression called ordinary least-squares regression? What is ordinary about it? What about how we calculate regression lines leads to least-squares being

Why is simple linear regression called "ordinary least-squares regression"? What is ordinary about it? What about how we calculate regression lines leads to "least-squares" being in the name? (No more than 5-6 sentences - answers will be graded for completeness, correctness, and succinctness.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

CAFR Mini-Project Goal To research and analyze the Comprehensive Annual Financial Report of a US city with a population of at least 100,000. Choose your City Download the most recent CAFR of a city...

Im having trouble with question 3 part A of the attached file. I know and understand her needs but im not sure if im filling out the table correctly ? Assignment Tier 1 Financial Planning...

Prepare a Statement of Advice (SOA) for the Martins interviewed for Assignment 1. The case study information is attached as a picture at the bottom of the page. As this assignment is to be a SOA for...

Question I would like you to make an effort to calculate the WACC for Marriott overall which requires following a couple of steps: First, we need to unlever Marriott's Equity Beta with the actual...

1 Understanding Regression Part 2 - Multiple Regression By Dr. Ardith Baker Oral Roberts University In the Part 1 paper, we explored simple linear regression with respect to understanding the basic...

tilizing the Hypothesis Testing Procedures, if it's not all that much difficulty, complete: The ordinary student goes through 500 unnecessary cups in a year. To raise natural care, an understudy pack...

( technology forecasting) can u tell me what method/ model used in this report, need only two. choose from this one https://pdfs.semanticscholar.org/fede/a35685428f15a3a7a32db5b96f232e0dcda3.pdf?_ga=...

1. Consider the simple regression model: V/i = Po+ Piri +ui, for i = 1, ..., n, with E(ur,) 7 0 and let z be a dummy instrumental variable for a, such that we can write: with E(uilz;) = 0 and...

Python Script : To complete the tasks listed below, open the Project Three Jupyter Notebook link in the Assignment Information module.This notebook contains your data set and the Python scripts for...

1. Fitting a straight line to a set of data yields the following prediction line. Complete (a) through (c) below. V. =3+10X, a. Interpret the meaning of the Y-intercept, b,. Choose the correct answer...

Find the value of C in the circuit shown in figure so that Z is purely resistive at the frequency of 60Hz. 5 mH

Five years ago, a conveyor system was installed in a manufacturing plant at a cost of $35,000. It was estimated that the system, which is still in operating condition, would have a useful life of...

All of the following are true of timeshare reserves, EXCEPT: ( a ) The board serving as the managing entity may reallocate reserves for deferred maintenance and capital expenditures from any reserve...

On January 1, 2018, Labtech Circuits borrowed $100,000 from First Bank by issuing a three-year, 8% note payable on December 31, 2020. Labtech wanted to hedge the risk that general interest rates will...

Information concerning Sandro Corporation's intangible assets is as follows. 1. On January 1, 2017, Sandro signed an agreement to operate as a franchisee of Hsian Copy Service, Inc. for an initial...

The income statement, balance sheets, and additional information for Video Phones, Inc., are provided. Additional Information for 2015: 1. Purchase investment in bonds for $115,000. 2. Sell land...

The CLSP has agreed to lend you funds to complete your 3 years bachelors' degree. The government will lend you $2400 today, if you agree to repay the loan 5 years from now with a lump sum payment of...

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

19.5 The major change in the plan is the substitution of the extra $5 million of borrowing from the bank in the second quarter and the corresponding reduction in the stretched payables. This...

2. Measure the implicit interest rate on credit sales.

7. Compare alternatives for investing excess funds over short horizons.