CA Foundation Exam  >  CA Foundation Questions  >  The lines of regression passes through the po... Start Learning for Free
The lines of regression passes through the points?
Most Upvoted Answer
The lines of regression passes through the points?
Explanation:

Regression analysis is a statistical process used to estimate the relationship between two variables. The purpose of regression analysis is to predict the value of one variable based on the value of another. The line of regression is the line that best fits the data points. It is used to estimate the relationship between two variables.

What are lines of regression?

Lines of regression are straight lines that are drawn through a scatter plot of data points. The lines of regression are used to determine the relationship between two variables. The slope of the line of regression represents the rate of change in one variable with respect to changes in the other variable. The intercept of the line of regression represents the value of the dependent variable when the independent variable is zero.

How to find the lines of regression?

To find the lines of regression, we use the least-squares method. This method minimizes the sum of the squared differences between the actual data points and the predicted values of the dependent variable. The line of regression is the line that best fits the data points. It is used to estimate the relationship between two variables.

Do lines of regression pass through the points?

Lines of regression do not necessarily pass through the points on the scatter plot. The purpose of the line of regression is to estimate the relationship between the two variables. The line of regression is the line that best fits the data points. The line of regression is used to predict the value of the dependent variable based on the value of the independent variable. The line of regression may pass through some of the data points, but it will not pass through all of the data points.

Conclusion

In conclusion, the lines of regression are used to estimate the relationship between two variables. The line of regression is the line that best fits the data points. The line of regression does not necessarily pass through the points on the scatter plot. The purpose of the line of regression is to predict the value of the dependent variable based on the value of the independent variable.
Explore Courses for CA Foundation exam
The lines of regression passes through the points?
Question Description
The lines of regression passes through the points? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The lines of regression passes through the points? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The lines of regression passes through the points?.
Solutions for The lines of regression passes through the points? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The lines of regression passes through the points? defined & explained in the simplest way possible. Besides giving the explanation of The lines of regression passes through the points?, a detailed solution for The lines of regression passes through the points? has been provided alongside types of The lines of regression passes through the points? theory, EduRev gives you an ample number of questions to practice The lines of regression passes through the points? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev