Regression Line

A regression line is used to derive a particular trend from the scattered data points in the chart and predict values accordingly. It can be used to find trend and predict future sales, stock prices, currency exchange rates, understand outliers etc. It is shown as a straight line.

Modes of regression:

  • Y on X: When a trend of y values is calculated based on the x values (Default Mode)
  • X on Y: When a trend of x values is calculated based on the y values
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