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You will remember that the equation of a straight line is given by.
Line of best fir math. This is easy to check with the least square method. In simple term it is a graphical representation. If you draw a line of best fit it is possible to determine the equation of the line of best fit. The line of best fit best describes the points on a scatter plot when the average difference between where the line is drawn and the closest point is the least.
A more accurate way of finding the line of best fit is the least square method. A line of best fit is a straight line that is the best approximation of the given set of data. It is used to study the nature of the relation between two variables. Equations are sometimes used to describe the lines as a function when only one point will relate to a point on the line of best fit.
A line on a graph showing the general direction that a group of points seem to follow. We re only considering the two dimensional case here a line of best fit can be roughly determined using an eyeball method by drawing a straight line on a scatter plot so that the number of points above the line and below the line is about equal and the line passes through as many points. Also referred to as trend line the line of best fit is the line for which the sum of the squares of the residual errors between the individual data values and the line is at its minimum which is.
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