64. What is the process through which we can calculate a line that goes through a scatter plot with a linear pattern?

Short Answer

Expert verified

The process through a line that goes through a scatter plot with a linear pattern is linear regression.

Step by step solution

01

Given Information

A line that goes through a scatter plot with a linear pattern.

02

Explanation

Linear regression is a linear equation of two variables from which one is independent and dependent on the other. Let Xbe the independent variable, and Y be the dependent. Then linear equation is represented by:
Y=a+bX
where aand bare coefficients.

03

Calculation

And the formula for calculating this coefficients is as follows:
b^=r×sysx
a^=y¯b^x¯

y^=a^x+b^

r=nxyxynx2x2ny2y2

Also, if we want to obtain the line on the scatter plot without the prior computation, we must label data under variables X and Y and select the scatter plot in Excel. Then add a trendline with an equation, and we'll get a scatter with a fit line and an equation that must be the same as the equation we got through computation.

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