A technique which minimizes sum of squared vertical difference, to determine the regression line is considered as _____________?

Related Mcqs:

1. A technique for estimating regression line, which minimizes the sum of vertical deviations squares is classified as __________?

   A. variable technique B. least square technique C. indexed technique D. fixed technique...

2. The deviations between estimated regression line and the vertical deviations are classified as ____________?

   A. fixed terms B. indexed terms C. variable terms D. residual terms...

3. All the conditions or assumptions of regression analysis in simple regression can give __________?

   A. dependent estimation B. independent estimation C. reliable estimates D. unreliable estimates...

4. The number of observations in regression analysis is considered as _____________?

   A. degree of possibility B. degree of average C. degree of variance D. degree of freedom...

5. The weak relationship between cost and cost driver is indicated on a regression line, which is ___________?

   A. curved B. slightly sloped C. completely sloped D. dotted...

6. An assumption of specification analysis, which states all the values of residuals which are uniformly scattered around regression line is classified as __________?

   A. abnormality of residuals B. normality of regression C. normality of residuals D. abnormality of regression...

7. The worse fit between estimated cost and actual observations is shown on regression line with ___________?

   A. larger residual terms B. zero residual terms C. variable residual terms D. smaller residual terms...

8. Evaluation criteria of regression equation must be considered as ____________?

   A. goodness of fit B. economic plausibility C. significance of independent variable D. all of above...

9. The vertical difference, which measures distance between estimated and actual cost for every single observation is classified as __________?

   A. residual term B. positive term C. negative term D. squared term...

10. The vertical dashed line in graphical representation of cost function represents the ________?

    A. cost representation B. irrelevant range C. relevant range D. graphical representation...