A statistical technique that identifies the line of best fit for the points plotted in a scattergraph is called
A)Regression analysis
B)Break-even analysis
C)High-low method
D)ERP

Question

Quizplus · Accepted Answer

Regression analysis is the statistical technique used to find the best-fit line that represents the relationship between two variables in a scatter plot. This technique helps to determine the strength of the relationship between the variables and make predictions about future values. The other options, break-even analysis, high-low method, and ERP, are not related to scatter plot analysis or the identification of the line of best fit.

A Statistical Technique That Identifies the Line of Best Fit