What is a disadvantage of estimating a trend line equation by "eye-balling" the best fitting line to a scatter diagram?
A) Provides quick approximations
B) Is subject to human error
C) Provides accurate forecasts
D) Is too difficult to calculate
E) Requires graph paper

Question

Quizplus · Accepted Answer

"Eye-balling" the best fitting line to a scatter diagram is subjective and prone to human error as different individuals may have different interpretations of what the best fitting line may be.

What Is a Disadvantage of Estimating a Trend Line Equation