Using Linear Regression like gradient boosting

Question

Can i use linear regression like gradient boosting technique does
For m=1 to M ( no of linear regressions) :

(1) - Fit the model to the data

(2) - Predict the Values and find the residuals

(3) - Replace the dependent variable data with residuals

Output : ill sum the output of all these linear regressions .

My Question here is will it work , if yes/no please kindly justify your answer .

Thanks in Advance :)