Suppose we want to minimize the sum of the squared

Last updated: 3/14/2024

Suppose we want to minimize the sum of the squared deviations Let our data values be a b and let our point estimate be x The sum of the squared deviations can be expressed as f x a x b x 2 The squared deviations are minimized when the point estimate is a b 2 8 Suppose we have four data values a b c d The sum of the squared deviations can be expressed as g x The squared deviations are minimized when the point estimate is x