Question

A statistical technique for finding the best-fitting line based on historical data is.

A) Regression analysis
B) Hypothesis testing
C) T-test
D) ANOVA

Answer 1

Regression analysis is the statistical technique for finding the best-fitting line based on historical data.

Step-by-step explanation:

The statistical technique for finding the best-fitting line based on historical data is Regression analysis. Regression analysis is used to determine the relationship between a dependent variable and one or more independent variables. It calculates the equation of the line that best fits the data points and can be used to make predictions or analyze patterns in the data.