LINE OF BEST FIT
Straight line drawn in the middle of a group of data points plotted on a scatter plot. It represents the results of data gathering on two variables and reflects if these two variables appear to be related to each other.
A more accurate procedure of determining the line of best fit is least squares method, a mathematical calculation. It is utilized in regression analysis that is the key input in statistical calculations such as sum of squares. Also, it can be used as a tool for evaluating trading activity or analyzing investment risk.
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Michael L. Eskew
Retired Chairman and Chief Executive Officer of United Parcel Service, Inc. from 2002 to 2007. The company offers specialized transportation and lo ...
Equity Income
Dividend earning derived from investment in stocks.
Mutual fund investing in high-quality firms that has consistent dividend pay ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Speed Resistance Lines
Speed resistance lines are technical analysis tools that consists of three trend lines whose purpose is for the determination of possible resistanc ...
Ultimate Oscillator
Ultimate Oscillator is a technical indicator which makes use of the weighted average of three varying time periods, thus reducing the volatility an ...
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