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Jul 29, 2020 at 10:26 comment added Dave The idea that the gradient is zero only for the perfect fit is incorrect.
Jul 29, 2020 at 10:25 history edited Dave CC BY-SA 4.0
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Jul 29, 2020 at 5:55 comment added Itamar Mushkin Yes, of course it has a minimum - but it's a global minimum. OP asked about local minima other than the global minimum.
Jul 28, 2020 at 22:31 comment added Dave The critical point is $(\hat{\beta}_0, \hat{beta}_1) = (\frac{8}{7}, \frac{9}{14})$. The eigenvalues of the Hessian matrix at $(\frac{8}{7}, \frac{9}{14})$ are $13\pm\sqrt{113}$, both of which are $>0$, making the critical point a minimum.
Jul 28, 2020 at 18:14 comment added Itamar Mushkin This loss function does not have any local minima though...
Jul 28, 2020 at 14:20 history answered Dave CC BY-SA 4.0