Final Results
In our final iteration, you can see that the line fits well with the data, and the residuals approach 0.
Assymptotic Standard Deviation for Parameters- these are estimates of the standard error of the parameters.
Their properties:
- They give an idea of the reliability of the parameter estimates
- They almost always underestimate the true standard errors
- Adequate for use as estimators, but inadequate for use in strict statistical analysis tests.
7:7