Least Squares

Introduction

This is my first math page to capture what is meant by least squares. I want to explain in a way that I can reread, remember and understand. Good look.This is also known as linear regression, fitting a line to data

What is it

So rewording this as I start to understand, we have a set of data points and what we are trying to achieve is to find a line which minimizes the amount of difference (known as errors) between the data point and the line for all data points

How do we do it

So at first this looked easy enough. We measure the distance from the average on the y for each point and square the values. The number is known as the sum of the squared residuals
Next used a sloped line and calculated the same.
Calculating the value when the line is sloped proved to be another video required
Here is a postive relationship and the formula (more to come)

Here is a negative relationship and the formula (more to come)

Terms

• Positive relationship This is when the linear line is positive going upwards
• Negative relationship This is when the linear line is negative going down
• Residual is the distance from the line for a given data point
• The sum of the squared residuals This is the sum of all the data point risiduals
• ŷ (Y-hat) This refers to a predicated value of y