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What is the difference between a trend line and a line of best fit?
Wiki User
∙ 13y ago
A trend line is graphed from a linear, exponential, logarithmic or other equation, and trys to fit the sorted data that you have. But it may or may not be correlated.
The line of best fit is the trend line that best fits your data, having a high correlation. R closer to 1.
Wiki User
∙ 13y ago
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What is the most accurate trend line on a scatter plot showing the relationship between two sets of data?
Line of best fit
How can you use a scatter plot to find an equation of a trend line?
By finding the line of best fit and using the straight line equation formula.
Does the trend line always pass through every point on a scatter plot?
No. When you draw a best line of fit on the scattered plot, the line would not be straight.
What does the slope of a trend line tell you about the relationship between two quantities?
If the slope of the trend line between variables X and Y is m, then an increase in value of 1 unit in X is associated with an increase of m units in the value of Y. The relationship is one of association, not of cause-and-effect.
Are regression and trend line the same?
yes.
What is the difference between a trend line and a line of best fit and how are they useful in analyzing data?
What is the difference between a trend line and a line of best fit
What trend line means?
The trend line for a scatter plot is a line that best captures the nature of the relationship between two variables. It may or may not be straight. The trend line for a scatter plot is a line that best captures the nature of the relationship between two variables. It may or may not be straight. The trend line for a scatter plot is a line that best captures the nature of the relationship between two variables. It may or may not be straight. The trend line for a scatter plot is a line that best captures the nature of the relationship between two variables. It may or may not be straight.
A line on a scatter plot that helps show the correlation between data sets more clearly?
A line of best fit or a trend line.
What is the most accurate trend line on a scatter plot showing the relationship between two sets of data?
Line of best fit
A trend line on a graph is the same as the line of best fit?
No.
A trend line on a graph is always the same as the line of best fit?
No.
What is the difference between trend analysis and financial ratio analysis?
Trend analysis usually measures monetary changes that fall into a certain period of time line-by-line in finances. Ratio analysis uses math to figure out percentages or indicators from ratios in finances.
Is a trend line on a graph always the same as the line of best fit?
Usually yes.
What does trend mean you math terms?
A trend is a math term. It is on a line graph. It is a slope between two variables.
When is there no trend line for a scatter plot?
When no possible relationship between the two variables in question is statistically significant.
What does a line of best fit emphasize?
It emphasizes the overall trend of the data
A trend equation is a regression equation in which?
y=mx+b trend line or line of best fit is best described as a line that approximates the relationship between the sets of data of a scatter plot.
