What is Regression Line?
Regression Line is defined as a statistical concept that facilitates and predicts the relationship between two or more variables. A regression line is a straight line that reflects the best-fit connection in a dataset between independent and dependent variables. The independent variable is generally shown on the X-axis and the dependent variable is shown on the Y-axis. The main purpose of developing a regression line is to predict or estimate the value of the dependent variable based on the values of one or more independent variables.
Table of Content
- Equation of Regression Line
- Graphical Representation of Regression Line
- Example of Regression Line
- Types of Regression Lines
- Applications of Regression Line
- Importance of Regression Line
- Statistical Significance of Regression Line
- Conclusion