Question 1 - Least squares criterion — minimising the sum of squared residuals Practice

Question 1

00:00Est. 3 min

Marks:+4.000.00

Radhika has been tracking her monthly expenses and the corresponding number of outings she has with friends. Here is a table with two rows representing the amount spent on entertainment and the corresponding number of outings. Let

y

be the amount spent and

x

be the corresponding number of outings. She fitted a best fit line to her data and obtained the equation

y=4x+15

. What is the value of SSE (Sum of Squared Errors) in relation to the best fit line? Question illustration

Integer answer

Medium Difficulty

07 July 2024

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