Determine whether the statement below is true or false. If it is false, explain. Least squares means that the square of the largest residual is as small as it could possibly be. Choose the correct answer below. O A. The statement is false. It is the sum of the squares of all the residuals that is minimized. OB. The statement is true. O C. The statement is false. It is the difference of the squares of all the residuals that is minimized.