Question

Question 3 1 pts Select the best statement related to the estimation of the least squares regression line O The least squares regression intercept and slope is determined based on the optimal combination which will minimize the sum of absolute horizontal distances between the observations and the regression line O The least squares regression intercept and slope is determined based on the optimal combination which will minimize the sum of squared vertical distances between the observations and the regression line. . The least squares regression intercept and slope is determined based on the optimal combination which will minimize the sum of squared horizontal distances between the observations and the regression line O The least squares regression intercept and slope is determined based on the optimal combination which will minimize the sum of absolute vertical distances between the observations and the regression line

Answer 1

$\\ The correct\ choice\ for\ estimation \ of \ The\ least\ squares\ regression\ line\ is \\\ \\ \boldsymbol{The \ least \ squares \ regression \ intercept \ and \ slope \ is \ determined \ based \ on \ the \ optimal \ combination \ which } \\ \boldsymbol{\ will\ minimize \ the \ sum \ of \ squared \ vertical \ distances \ between \ the \ observations \ and \ the \ regression \ line}$