Skip to main content
Statistics LibreTexts

8.3: Summary

  • Page ID
  • Whoa! Think of what you’ve accomplished here: You learned enough calculus to find a minima for an equation with two variables, then applied that to the equation for the ∑ϵ2∑ϵ2. You derived the error minimizing values for ^αα^ and ^ββ^, then used those formulae in R to calculate by hand" the OLS regression for a small dataset.

    Congratulate yourself – you deserve it!

    • Was this article helpful?