The sum of squares of the difference between the observations and the line in the horizontal direction in the scatter diagram can be minimized to obtain the estimates is generally called? - R Quiz

R - Quiz(MCQ)

The sum of squares of the difference between the observations and the line in the horizontal direction in the scatter diagram can be minimized to obtain the estimates is generally called?

A)

Simple Regression

B)

Formal Regression

C)

Cogistic Regression

D)

Reverse Regression Method

Correct Answer : Reverse Regression Method

Explanation : The sum of squares of the difference between the observations and the line in the horizontal direction in the scatter diagram can be minimized to obtain the estimates of 0 1 β and β. This is generally called a reverse or inverse regression method.

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_____ is simplest class of analytics.

A)

Predictive

B)

Prescriptive

C)

Summarization

D)

Descriptive

Correct Answer : Descriptive

Explanation : Descriptive is the simplest class of analytics. Predictive analytics can only forecast what might happen in the future because all predictive analytics are probabilistic in nature.

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A)

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B)

Clustering

C)

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D)

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________ is proprietary tool for predictive analytics.

A)

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B)

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C)

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D)

SSAS

Correct Answer : SAS

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