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CRE · Question #254

CRE Question #254: Real Exam Question with Answer & Explanation

The correct answer is A. Sums of the squares of the deviations from the predictions.. See the full explanation below for the reasoning.

Question

The "least squares" description in regression analysis pertains to:

Options

  • ASums of the squares of the deviations from the predictions.
  • BAverages of the predicted values.
  • CThe error term in the equation.
  • DThe average of the actual data minus the average of the predicted data.

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