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Least squares method of fitting a line ( the line of best fit or the regression line) through the scatter diagram is a method which minimizes the sum of squared vertical deviations from the fitted lines. In other words the line to be fitted will pass through the points of the scatter diagram in such a fashion that the sum of the squares of the vertical deviations of these points from the line will be a minimum
please break this problem down to laymen term so that I understand how you arrived at the answer. 1. AllElectronics caries 1000 products, P1, … P1000. Consider customers Ada, Bob,
what is historigrams
Employer's FICA tax rate for 2012 The employer's FICA tax amount for 2012 involves 1) the Public Protection tax amount of 6.2% of each individual's first $110,100 of income, inc
Simple Linear Regression One measure of the risk or volatility of an individual stock is the standard deviation of the total return (capital appreciation plus dividends) over
how to get the standard deviation
Authorized travel period Then period when the visitor is in authorized travel position away from the established stop and established property. Talk about OFFICIAL STATION, OFFIC
Fertility: In order to study at which speed, at which the population is increasing, fertility rates are used which are of various types? Important among these are: Crude birth rat
A certain manufactured item is visually inspected by two different inspectors. When a defective item comes through the line, the probability that it gets by the first inspector is
An occupational health inspector was interested in determining whether there is a difference in the loss in man-hours due to accidents by introducing a new safety programme. The
discuss the nature and causes of the components of an economic time series?
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