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The mathematical basis for the best-fitting regression line is called least-squares regression.Group of answer choicesTrueFalse

Question

The mathematical basis for the best-fitting regression line is called least-squares regression.

Group of answer choices

  • True
  • False
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Solution

True or False Question Analysis

  1. Understanding the Concept: The statement refers to "least-squares regression," which is a statistical method used to determine the best-fitting line through a set of data points. This method minimizes the sum of the squared differences between the observed values and the values predicted by the line.

  2. Answer Evaluation: The term "least-squares regression" specifically indicates that it is indeed the mathematical basis for deriving the best-fitting regression line in regression analysis.

Final Answer

True. The mathematical basis for the best-fitting regression line is called least-squares regression.

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