The Best-Fitting Line

Explore regression lines and how to measure the accuracy of a regression line.

Regression lines are also known as best-fitting lines. What do we mean by best? Let’s explore the criteria that’s used in regression to determine the concept of best. Recall that, for an instructor with a beauty score of𝑥=7.333𝑥 = 7.333, we mark the observed value yy with a circle, the fitted value y^\hat y with a square, and the residual yy^y - \hat y with an arrow. We redisplay the top left plot of the figure below in addition to three more arbitrarily chosen course instructors:

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