Question

When you calculate your regression line, you are:

Minimizing the sum of the errors

Finding the absolute value of the error terms and minimizing the sum of the absolute values

Finding the error for each observation, squaring the error and minimizing the sum

Answer 1

Answer:

When you calculate your regression line, you are: Finding the error for each observation, squaring the error and minimizing the sum

Explanation:

The regression is utilized  to understand the association between independent variable and dependent variable.

Here we utilize the regression  line for that , regression  line is the stright line linear  condition that can be utilized for prediction of values.this condition is discover utilizing the least square estimator.

Here least square is the strategy of squaring the error and minimizing the sum.

So we can compute the regression  line utilizing the least square technique.

Therefore When you calculate your regression line, you are: Finding the error for each observation, squaring the error and minimizing the sum.

Hence the "Option - 3"  is the correct answer.