a)Draw a figure illustrating data points, an ordinary least squares regression line. What are thepredicted values? What are the residuals? b)What does the regression line represent exactly? What are we trying to capture in the population?(Be as precise as you can in your answers.)

Elementary Linear Algebra (MindTap Course List)
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ISBN:9781305658004
Author:Ron Larson
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Chapter5: Inner Product Spaces
Section5.CR: Review Exercises
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a)Draw a figure illustrating data points, an ordinary least squares regression line. What are thepredicted values? What are the residuals? b)What does the regression line represent exactly? What are we trying to capture in the population?(Be as precise as you can in your answers.)
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