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A first step in understanding the relationship between an outcome and explanatory variable is to visualize the data using a scatter plot, through which the regression line can be drawn. Scatter plots ...
The line of best fit is used to express a relationship in a scatter plot of different data points. It is an output of regression analysis and can be used as a prediction tool for indicators and ...
Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. David is comprehensively experienced in many facets of ...