Two points suffice for drawing a straight line. However we may be presented with a set of data points (more than two?) presumably forming a straight line. How can one use the available set of data points to draw a straight line?
A probable approach is to draw a straight line which hopefully minimizes the error between the observed data points and estimated straight line.
where
is the observed data points and
is the points from estimated straight line.
Continue reading “Straight line fit using least squares estimate”
