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The line of best fit, also known as the regression line, is the specific line that most accurately represents the data in a scatter plot. It is calculated mathematically to minimize the sum of the squared vertical distances from each data point to the line. The equation is typically in the form y=mx+b.
Examples
- For a data set relating hours of sunshine (x) to plant growth in cm (y), the line of best fit might be y=0.5x+2. This line is the single best summary of the linear trend.
- A scatter plot shows the relationship between a car''s age in years (x) and its value in dollars (y). The calculated line of best fit could be y=−2500x+30000.
- Unlike a line of fit which can be estimated by eye, the line of best fit is found using a precise formula, often with a calculator or computer software.
Explanation
While a line of fit is a good visual estimate of the trend in a scatter plot, the line of best fit is the most precise version. It is a unique, mathematically determined line that best models the linear relationship between two variables. This line is calculated to be as close as possible to all the data points simultaneously. We often use technology to find the exact equation for the line of best fit, which is also called the regression line.