Which of the two lines is better for given data

Reference no: EM131404586

The data for this exercise are as follows:

x	1	2	3	4
y	4	10	14	16

a. Determine the sum of squared errors (SSE) for each of the following two lines:

Line 1 : y^ = 3 + 3x

Line 2 : y^ = 1 + 4x

b. By the least squares criterion, which of the two lines is better for these data? Why is it better?

Reference no: EM131404586

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