SumSquaredErrors Command

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SumSquaredErrors[ <List of Points>, <Function> ]
Calculates the sum of squared errors, SSE, between the y-values of the points in the list and the function values of the x-values in the list.
Example: If we have a list of points L={(1, 2), (3, 5),(2, 2), (5, 2), (5, 5)} and have calculated for example: f(x)=FitPoly[L,1] and g(x)=FitPoly[L,2]. SumSquaredErrors[L,f] yields 9 and SumSquaredErrors[L,g] yields 6.99, and therefore we can see, that g(x) offers the best fit, in the sense of the least sum of squared errors (Gauss).
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