Author Question: The residuals are observations of the error variable e. Consequently, the minimized sum of squared ... (Read 129 times)

mspears3 · **on:** Jul 24, 2018

The residuals are observations of the error variable e. Consequently, the minimized sum of squared deviations is called the sum of squares for error, denoted SSE.
Indicate whether the statement is true or false

Question 2

A regression analysis between sales (in 1000) and advertising (in 100) resulted in the following least squares line: y = 77 +8x. This implies that if advertising is 600, then the predicted amount of sales (in dollars) is 125,000.
Indicate whether the statement is true or false