Posts Tagged as ‘least squares regression’

July 7, 2008

How do you know that the least squares regression line is unique and corresponds to a minimum

We already know that using the criterion of either

minimizing sum of residuals OR
minimizing sum of the absolute value of residuals

is BAD as either of the criteria do not give a unique line. Visit these notes for an example where these criteria are shown to be inadequate.
So we use minimizing the sum of the squares [...]