Asked by
Armando Delgado
on Nov 23, 2024
Verified
In multiple regression, the prediction equation 
is the line that minimizes SSE, the sum of squares of the deviations of the observed values y from the predicted values 
.
Sum of Squares
A statistical technique used to quantify the variation within a data set by summing the squared deviations of each data point from the mean.
Prediction Equation
An equation used to predict the value of a dependent variable based on the values of one or more independent variables.
Multiple Regression
A statistical method leveraging various predictors to estimate the result of a dependent variable.
- Grasp the significance of residuals in regression analysis and how they represent the deviations between observed and predicted values.
Verified Answer
SC
Learning Objectives
- Grasp the significance of residuals in regression analysis and how they represent the deviations between observed and predicted values.