Hi
I'mwondering what's the difference between least squares method with least absolute deviation method.
Assume we have y=ax+b+s where s isdeviation.
Is the step to calculate even a and b is different.
I read that those two methods are almost the same but hardly found a real good explanation...
Homework Statement
I've been given a set of data
x 0 0.5 0.7 1.5 1.75
y 0.5 0.72 0.51 1.5 1.63
Given y=ax+b
for this data points of linear model, I have to
1. minimize the sum of the absolute values of deviations between experimental value of Y and value predicted by the...