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In simple regression analysis, A regression line is created by minimizing the error (difference between observed and the regression line) . A regression line is
In simple regression analysis, A regression line is created by minimizing the error (difference between observed and the regression line) . A regression line is created by minimizing the variance of error C. A regression line is created by maximizing the variance of error D. To get a best a regression line, a mini-max procedure is used in which the variance of error was maximized and minimized at the same time
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