The mathematics behind drawing a line of best fit

Описание к видео The mathematics behind drawing a line of best fit

This video describes the mathematics behind drawing lines of best fit. Specifically I cover the different forms of a cost function associated with using the modulus of errors, squares of errors, and errors to the fourth power. Check out https://ben-lambert.com/econometrics-... for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: https://ben-lambert.com/bayesian/ Accompanying this series, there will be a book: https://www.amazon.co.uk/gp/product/1...

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