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Time Series (p-2) — Maths (commerce) STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsMaths (commerce)Time Series (p-2)1 Mark
MCQ
We can use regression line for past data to forecast future data. We then use the line which
  • ✓
    Minimizes the sum of squared deviations of past data from the line
  • B
    Minimizes the sum of deviations of past data from the line
  • C
    Maximizes the sum of squared deviations of past data from the line
  • D
    Maximizes the sum of deviation of past data from the line
✓

Answer

Correct option: A.
Minimizes the sum of squared deviations of past data from the line
Minimizes the sum of squared deviations of past data from the line

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