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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.

Q: What is the difference between a trend line and a line of best fit?

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Line of best fit

By finding the line of best fit and using the straight line equation formula.

No. When you draw a best line of fit on the scattered plot, the line would not be straight.

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.

yes.

Related questions

What is the difference between a trend line and a line of best fit

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 of best fit or a trend line.

Line of best fit

No.

No.

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.

Usually yes.

A trend is a math term. It is on a line graph. It is a slope between two variables.

When no possible relationship between the two variables in question is statistically significant.

It emphasizes the overall trend of the data

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.