Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A line of best fit is a form of regression analysis that shows the relationship ...
All straight line graphs have an equation that can be written in the form 𝑦 equals 𝑚𝑥 add 𝑐, where 𝑚, the coefficient of the 𝑥 term, is the gradient or slope of the line. The constant, 𝑐, is ...
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