Sum of squares
4:08
YouTubeBen Lambert
Sum of squares
This video explains what is meant by the concepts of the 'Total sum of squares', 'Explained sum of squares', and 'Residual sum of squares'. Check out https://ben-lambert.com/econometrics-course-problem-sets-and-data/ for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to ...
142.8K viewsJun 9, 2013
Total Sum of Squares Example
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