Virtual Labs

a: minimizing the sum of errors Explanation

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b: minimizing the absolute sum of errors Explanation

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c: minimizing the sum of squares of errors Explanation

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d: none of the above Explanation

Explanation

a: it is the difference between actual value and predicted value Explanation

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b: it is the difference between modal observation and predicted value Explanation

Explanation

c: difference between average value and the predicted value Explanation

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d: none of the above Explanation

Explanation

a: there are no measurement error associated with explainatory variable Explanation

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b: there are no measurement error associated with regressor variable Explanation

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c: Explanation

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d: Explanation

Explanation

Ordinary and Total Least Squares