Problem 6 Flashcards
1
Q
least scares regression line
A
= line with least errors/ that fits best (predicted y)
–> minimized distance of the observed y-value from the regression line
2
Q
regression
A
= describes a relationship between an explanatory and response variable
3
Q
regression line
A
= best fitting straight line that describes how response variable (y) changes as an explanatory variable (x) changes
–> often used to predict value of y for a given value of x
