The Regression Line Is The Best Fitting Line Because. It is the best-fitting line because it minimizes the total distance from all of the points collectively to the line. The idea behind finding the best-fit line is based on the assumption that the data are scattered about a straight line.
Because the formulas for b 0 and b 1 are derived using the least squares criterion the resulting equation haty_ib_0b_1x_i is often referred to as the least squares regression line. Because it is the line that fits best when drawn through the points. Or simply the least squares line.
Jan 24 2019 Linear Regression models the relationship between a dependent variable y and one or more independent variables X using a best fit straight line.
The process of fitting the best- fit line is called linear regression. A Line of best fit is a straight line that represents the be Simple linear regression is a statistical method that allows us to summarize and study relationships between two variables. Jan 24 2019 Linear Regression models the relationship between a dependent variable y and one or more independent variables X using a best fit straight line. The idea behind finding the best-fit line is based on the assumption that the data are scattered about a straight line.
