Application of the least squares method results in values of

Application of the least squares method results in values of the y intercept and the slope that minimizes the sum of the squared deviations between the

observed values of the independent variable and the estimated values of the independent variable

actual values of the independent variable and estimated values of the dependent variable

observed values of the dependent variable and the estimated values of the dependent variable

None of these answers is correct.

Solution

observed values of the dependent variable and the estimated values of the dependent variable

this is why it is called minimizer of sum of squared residuals.