Regression Line (Noun)
Meaning
A smooth curve fitted to the set of paired data in regression analysis; for linear regression the curve is a straight line.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The regression line is used to predict the value of the dependent variable based on the value of the independent variable.
- A regression line can be used to identify the relationship between two variables and make predictions about future data.
- The slope of the regression line represents the change in the dependent variable for a one-unit change in the independent variable.
- The regression line is often used in finance to model the relationship between stock prices and economic indicators.
- By analyzing the regression line, researchers can identify patterns and trends in the data that may not be immediately apparent.