The least squares method for determining the best fit minimizes the:
A. total variation in the dependent variable.
B. sum of squares for error.
C. sum of squares for regression.
D. All of these choices are true.
Analysis:
A. Incorrect. The least squares method for determining the best fit minimizes the sum of squares for error.
B. Correct. The least squares method for determining the best fit minimizes the sum of squares for error.
C. Incorrect. The least squares method for determining the best fit minimizes the sum of squares for error.
D. Incorrect. The least squares method for determining the best fit minimizes the sum of squares for error.
ANSWER : B
You might also like to view...
An auditor will usually trace the details of the test counts made during the observation of the physical inventory count to a final inventory schedule. This audit procedure is undertaken to provide evidence that items physically present and observed by the auditor at the time of the physical inventory count are:
A. physically present at the time of the preparation of the final inventory schedule. B. not obsolete. C. owned by the entity. D. included in the final inventory schedule.
Which of the following is an advantage of online research?
A) Samples are generally representative of the target population. B) Members of online panels and communities tend to have low turnover. C) Online research is relatively free of technological problems and inconsistencies. D) People tend to be honest and thoughtful online. E) Online research is slow but gathers detailed information.
A company purchased $3300 worth of merchandise. Transportation costs were an additional $290. The company returned $230 worth of merchandise and then paid the invoice within the 3% cash discount period. The total cost of this merchandise is:
A. $3240.00. B. $3267.90. C. $3360.00. D. $3261.00. E. $3093.00.
______ questions are questions that do not require overt answers or responses.
Fill in the blank(s) with the appropriate word(s).