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The correct option is B trend line
By visualizing a scatter plot, it is not always easy to spot the trends and also to predict information at unknown points.
Suppose, we draw a line such that all the points are equally scattered around that line, then we get an approximate trend or pattern of the plotted data.
The line that approximately navigates through all the scattered points is called the trend line.
The trend line that comes closest to capturing the essence of the data is called the line of best fit.
Here is an example of a data set that depicts a commodity's actual price versus the predicted price.
In the above scatter plot, the cyan line represents the line of best fit.
With the help of this line of best fit, we can more accurately understand the trend of the data, and also can estimate the actual price of the commodity for any predicted price.
By visualizing a scatter plot, it is not always easy to spot the trends and also to predict information at unknown points.
Suppose, we draw a line such that all the points are equally scattered around that line, then we get an approximate trend or pattern of the plotted data.
The line that approximately navigates through all the scattered points is called the trend line.
The trend line that comes closest to capturing the essence of the data is called the line of best fit.
Here is an example of a data set that depicts a commodity's actual price versus the predicted price.
In the above scatter plot, the cyan line represents the line of best fit.
With the help of this line of best fit, we can more accurately understand the trend of the data, and also can estimate the actual price of the commodity for any predicted price.
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