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Question

There is no value of x that can simultaneously satisfy both the given equations. Therefore, find the ‘least squares error’ solution to the two equations, i.e., find the value of x that minimizes the sum of squares of the errors in the two equations. __________

2x = 3

4x = 1

Concepts:

Least Square Method:

It is an approximation method to minimize the error.

In this method, the distance between the estimated value and the actual value is minimized.

According to the least square method, \({\rm{R\;}} = \mathop \sum \limits_1^{\rm{n}} {\left( {\overline {{{\rm{x}}_{\rm{i}}}} - {\rm{x}}} \right)^2}\) where \(\overline {{{\rm{x}}_{\rm{i}}}}\) are the estimated (or guessed value) and x is the actual values.

By minimizing this distance R the least-squares error can be found out.

Calculations:

Given the functions are:\(2{\rm{x\;}} = {\rm{\;}}3 \Rightarrow 2{\rm{x}} - 3 = 0{\rm{\;and\;}}4{\rm{x}} = 1{\rm{\;}} \Rightarrow 4{\rm{x}} - 1 = 0{\rm{\;}}\)

∴ \({\rm{R}} = {\rm{\;}}{\left( {2{\rm{x}} - 3} \right)^2} + {\left( {4{\rm{x}} - 1} \right)^2}.{\rm{\;}}\)

Hence, to minimize the value of  \({\rm{R}},{\rm{\;\;}}\frac{{{\rm{dR}}}}{{{\rm{dx}}}} = 0\)

∴ \({\rm{\;}}\frac{{{\rm{dR}}}}{{{\rm{dx}}}} = 2 \times 2\left( {2{\rm{x}} - 3} \right) + 4 \times 2\left( {4{\rm{x}} - 1} \right) = 0{\rm{\;}}\)

∴ \({\rm{x}} = \frac{1}{2}{\rm{\;}}\& {\rm{\;}}{{\rm{R}}_{{\rm{min}}}} = {\left( {2 \times \frac{1}{2} - 3} \right)^2} + {\left( {4 \times \frac{1}{2} - 1} \right)^2} = 5{\rm{\;\;\;}}\)

∴ The value of x that minimizes the sum of squares of the errors in the two equations is 1/2.

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Important Questions from Regression Analysis

  1. Dimension reduction methods have the goal of using the correlation structure among the predictor variables to accomplish which of the following:

    A. To reduce the number of predictor components

    B. To help ensure that these components are dependent

    C. To provide a framework for interpretability of the results

    D. To help ensure that these components are independent

    E. To increase the number of predictor components

    Choose the correct answer from the options given below:

  2. If a constant 60 is subtracted from each of the values of X and Y, then the regression coefficient is

  3. Given the regression lines X + 2Y - 5 = 0, 2X + 3Y - 8 = 0 and Var(X) = 12, the value of Var(Y) is

  4. The data about the sales and advertisement expenditure of a firm is given below

    Sales (in crore of Rs.)Advertisement exp (in crores of Rs.)
    Means406
    Standard Daviation101.5

    The correlation coefficient between sales and advertisement expenditure is 0.9. The likely sales for a proposed advertisement expenditure of Rs. 10 crore
  5. The standard deviation of Y is double of standard deviation of x. The correlation coefficient between X and Y is 0.5.

    The acute angle between lines of regression is

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