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One method to find b0 and b1

  • Method of Ordinary Least Squares (OLS)
  • b0 and b1  are obtained by finding the values of b0  and b1  that minimize the sum of the
  • squared residuals

  • any advantages of minimizing the squared errors?
  • Why don’t we take the sum?
  • Why don’t we take absolute values instead?

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