Which equation of the least squares regress matches the data set?
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The Deep Dive
To identify which least squares regression equation matches your data set, you'll first want to plot your data points and visualize any trends. Then, compute the slope and intercept using formulas from the method of least squares. This method minimizes the sum of the squared differences between observed values and the values predicted by your linear equation. Once you have that information, you can assess which equation offers the lowest residuals, effectively indicating the best fit! Don't forget to check the goodness of fit, such as R-squared values. A higher R-squared indicates that your equation explains a greater portion of the variance in the data, which can help you confirm its validity!