Openoffice calc graph line of best fit2/12/2023 ![]() It is used to interpret the visual representation of data. It is essentially a line that shows trends followed by the dots on a grid. ![]() It is widely used in investing & financing sectors to improve the products & services further. The line of best fit, also known as a regression Regression Regression Analysis is a statistical approach for evaluating the relationship between 1 dependent variable & 1 or more independent variables. For calculation, the following formula is used: Y = C +B¹(x¹) + B²(x²).It’s widely used in the financial market and in the scientific world. ![]() ![]() It can be used to find trends by determining the relationship between different points on a graph.The line of best fit demonstrates the correlation between the different points in a grid. ![]()
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