Examlex
The point where the profit line intersects the horizontal axis on the profit-volume chart represents:
Linear Regression
A statistical method for modeling the relationship between a dependent variable and one or more independent variables, assuming this relationship to be linear.
Regression Line
A line through a scatter plot of data points that best expresses the relationship between those points.
Best Fit
"Best fit" refers to a line or curve that most closely approximates the data points in a scatter plot, used in linear regression and other modeling techniques to predict outcomes.
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