Least Squares Method (Least Squares Criterion)
When we are trying to determine the relationship between two variables, one of the relationships might be the equation of a straight line [i.e., y = (f)x.] With the least squares method, the team is using the linear equation. The linear equation represents the points found on the scatter diagram. In essence, the team is using the least squares criterion, meaning that the line fitted to the paired data points must be such that the sum of the squares of the vertical distances from the points to the line is as small as possible.