Day 7 of #66DaysofData.
“The method of least squares is a standard approach in regression analysis to approximate the solution of overdetermined systems (sets of equations in which there are more equations than unknowns) by minimizing the sum of the squares of the residuals made in the results of every single equation.” Wikipedia
“A mathematical procedure for finding the best-fitting curve to a given set of points by minimizing the sum of the squares of the offsets (“the residuals”) of the points from the curve.” ~ Wolfram
I watched “Linear Regression” concept on Statquest.
Video:
Resources & References:
en.wikipedia.org/wiki/Least_squares
https://mathworld.wolfram.com/LeastSquaresFitting.html
