First to see how Much Norm used, we need to subtract 373 from 500 (500-373) and you get 127. To express this as a fraction you put 127 over 500. then the decimal would be 127 divided into 500. Which is .254 . The answer in fraction form is 127/500 and in decimal is .254
Ordinary Least Square (OLS) for the multiple regression model involves selecting parameters of a straight line function that will minimize <u>the sum of the squares of the variance in the given dataset and those forecasted by the straight-line function.</u>