Statistics for the Behavioral Sciences
Statistics for the Behavioral Sciences
3rd Edition
ISBN: 9781506386256
Author: Gregory J. Privitera
Publisher: SAGE Publications, Inc
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Chapter 16, Problem 6FP
To determine

Mention the three steps used to compute the method of least squares.

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a) Draw the straight line that appears to be the best fit for the points: (-2,0), (0,1) and (3,4).b) Find the equation of the ordinary least squares line, OLS. (Round your answer to two decimal places.)
Explain the concept and use of the method of Least Squares
Assume the least squares equation is Ŷ = 10 + 20X. What does the value of 10 in the equation indicate?
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