FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which statements below about least-squares regression are correct?I. Switching the explanatory and response variables will not change the least-squares regression line.II. The slope of the line is very sensitive to outliers in the x direction with large residuals.III. A value of r2 close to 1 does not guarantee that the relationship between the variables is linear.
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Only I is correct.
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Only II is correct.
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Only III is correct.
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Both II and III are correct.
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All three statements-I, II, and III-are correct.
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Explanation:
Detailed explanation-1: -Line of Best Fit in the Least Square Regression is a straight line drawn through a scatter of data points that best represents the relationship between them.
There is 1 question to complete.