Consider the four points 200 1950 400 1650 600 1800 Consider the four points (200, 1950), (400,…

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Consider the four points 200 1950 400 1650 600 1800
Consider the four points (200, 1950), (400, 1650), (600, 1800), and (800, 1600). The least squares line is = 1975 – 0.45x. Explain what “least squares” means, using these data as a specific example.

Consider the four points 200 1950 400 1650 600 1800