wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Identify the correct statement(s) about the line of best fit.


A

It is unique for a set of data

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B

It passes through all points in a dataset

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

It is the line for which the errors of the data values are the least

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D

It is obtained by minimizing the algebraic sum of errors

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct options are
A

It is unique for a set of data


C

It is the line for which the errors of the data values are the least


The line of best fit is unique for a data set. Since it is a line, it cannot pass through all the points of the dataset (unless for perfect correlation). It is obtained by minimizing the sum of squares of the errors.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Measuring Correlation
STATISTICS
Watch in App
Join BYJU'S Learning Program
CrossIcon