Given the data points below, compute the sum of squared errors for the regression equation Y = 2 + 3X X 0 3 7
10
Y 5 5 27 31
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1) What are the squared errors for the regression line given by
Y = 2 + 3X? Type as a comma-separated list: #. #. #. #
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2) What is the sum of squared errors for the regression line give by
Y = 2 + 3X?
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Least squares method
The method of least squares derives a linear regression model by minimizing the sum of squared errors. For a sample with n observations,
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