Question
Mathematics Question on Regression analysis
Given below are two statements:
Statement I: Line of regression of y on x is the line which gives the best estimate for the value of y for any specified value of x.
Statement II: Line of regression of x on y is the line which gives the best estimate for the value of x for any specified value of y.
In the light of the above statements, choose the correct answer from the options given below:
A
Both Statement I and Statement II are true
B
Both Statement I and Statement II are false
C
Statement I is true but Statement II is false
D
Statement I is false but Statement II is true
Answer
Both Statement I and Statement II are true
Explanation
Solution
The correct option is(A): Both Statement I and Statement II are true