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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.
What does a line of best fit show you in a scatterplot?
A line of best fit, also known as a trend line, represents the general direction or trend of the data points in a scatterplot. It minimizes the distance between the line and all the points, indicating the relationship between the independent and dependent variables. This line helps to visualize patterns, make predictions, and assess the strength of the correlation between the variables. Overall, it provides a simplified representation of the data's overall trend.
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 line of best fit for scatterplots?
The line of best fit, often called the trend line, is a straight line that best represents the data points in a scatterplot. It minimizes the distance between the line and all the points, typically calculated using the least squares method. This line helps to identify the overall direction or trend of the data, making it easier to make predictions or understand relationships between variables. It can be linear or nonlinear, depending on the nature of the data.
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.
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 trend mean you math terms?
A trend is a math term. It is on a line graph. It is a slope between two variables.
