Asked by Abhishek Sharma on Sep 23, 2024
Verified
Which of the following is the method statisticians use to draw the best fitting straight line through the data on a scatter diagram?
A) The fit best method.
B) The least squares method.
C) The point-intercept method.
D) None of these choices.
Least Squares Method
A statistical technique used to determine the best-fitting line that minimizes the sum of the squared differences between observed and estimated values.
Scatter Diagram
A graphical representation of two variable data points that allows for the visualization of any correlations or patterns between them.
Fit Best Method
The Fit Best Method refers to the process of adjusting a model's parameters so that it best fits a given set of data.
- Gain insight into the concept of linear relationships as represented in scatter plots.
Verified Answer
Learning Objectives
- Gain insight into the concept of linear relationships as represented in scatter plots.
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