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See Figure 1 for an example of a scatter plot and regression line. A closely related method is Pearson’s correlation coefficient , which also uses a regression line through the data points on a ...
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 ...
Right-click on any data point in the scatter plot and select “Add Trendline.” Choose the type of trendline (e.g., linear) and display the equation on the chart. Troubleshooting Analysis in Excel ...
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