MCQ 11 Mark
The best-fitted trend line is one for which sum of squares of residuals or errors is:
- AMaximum
- ✓Minimum
- CPositive
- DNegative
Answer
View full question & answer→Correct option: B.
Minimum
(b) Minimum
Explanation
The line is termed as the line of best fir from which the sum of squares of distances from the points is minimized.
Explanation
The line is termed as the line of best fir from which the sum of squares of distances from the points is minimized.
