Why is a regression line referred to as the line of best fit?

When there is a linear relationship is observed between the variables, we use  linear regression predict the relationship between them.

Also, we predict the values for dependent variable by modelling a linear model that best fits the data by drawing a line Y=a+bX, where X is the explanatory variable and Y is the dependent variable.

In other words: The line of best fit is a line through a scatter plot of data points that best describes the relationship between them.

That's why the  regression line referred to as the line of best fit.

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