The line of best fit is a crucial element of linear regression analysis. It summarizes the relationship between the variables across all data points plotted on a scatterplot.
This line minimizes the distance between itself and all the data points on the graph, hence its alternate name, "least squares regression line."
To understand this line, consider the following:
- Slope: The slope indicates the average change in the number of coyotes per year. A positive slope, which is common in growth scenarios, shows an increase.
- Intersection Points: Selecting the points of intersection with the years in question, like 1995 and 2000, allows us to extract useful coordinates.
When dealing with a scatterplot, the line of best fit helps to estimate values for unobserved sections or to predict future values based on historical data. In this instance, finding its coordinates for 1995 and 2000 enables calculation of average annual trends.