There are many ways, but probably you aren't in a statistics class, but in an algebra class. Step 1 plot all the data points on a coordinate plane graph (x-y graph)
Step 2 estimate a line 'close' to points.
Step 3 use 2 points ON THE LINE (these do not need to be data points)
Step 4 find slope of line using points from step 3
Step 5 use point-slope formula to write the equation.
Not necessarily. Often it is, but the line of best fit is simply an equation that closely matches the results. Therefore any line could be a line of best fit, linear, quadradic, or even cubic! The sky (and the results) are the limit.
The line of best fit is simply the line that shows the general direction of the graph. The trick is to make the line go through as many points on the graph as possible. Some scatter plots have no line of best fit.
You have to put a line of best fit onto the graph and find where that line crosses the y-axis.
By drawing a line of 'best fit'
The line of best fit does not have to pass through the 0 (origin) and rarely does
By finding the line of best fit and using the straight line equation formula.
you go home
A straight line equation
6The line of best fit has the equation = -3 + 2.5x. What does this equation predict for a value of x = 3?Answer: 4.5
Not necessarily. Often it is, but the line of best fit is simply an equation that closely matches the results. Therefore any line could be a line of best fit, linear, quadradic, or even cubic! The sky (and the results) are the limit.
It is very useful and interesting to be able to enter data for two variables, graph those points in a scatter plot, and then generate a line of best fit through those points. From the line of best fit, it is fairly simple to generate a linear equation. A line of best fit is drawn through a scatterplot to find the direction of an association between two variables. This line of best fit can then be used to make predictions.
Exponent
Using the line of best fit, yes.
The line of best fit is used to predict future decisions.
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.
The line of best fit is simply the line that shows the general direction of the graph. The trick is to make the line go through as many points on the graph as possible. Some scatter plots have no line of best fit.
The answer depends on the quantities and the nature of the relationship. It can be a line-of-best-fit (or regression line), or a formula.