Statistics and Hypothesis Testing
Statistics and Hypothesis Testing
Statistics and Hypothesis Testing
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Y is the least squares estimator of µ Y<br />
It turns out that Y , the sample mean, is the best guess (the guess<br />
that makes the sum of squared gaps as small as possible).<br />
Choosing m = Y makes the following expression as small as<br />
possible.<br />
n∑<br />
(Y i − m) 2<br />
i=1<br />
We will use this method (keeping the sum of squared gaps as low<br />
as possible) for defining the best guess again soon.