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Twelve Ways to Fit a Straight Line

In: Bayesian Compendium

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  • Marcel van Oijen

Abstract

Fitting a straight line through data can be done in many ways that may seem different at first, but after closer inspection prove to be based on the same mathematics. In this chapter, we shall fit a line to data in twelve different ways and compare the resulting parameter estimates. So our goal is to estimate the intercept and the slope of the line.

Suggested Citation

  • Marcel van Oijen, 2020. "Twelve Ways to Fit a Straight Line," Springer Books, in: Bayesian Compendium, chapter 0, pages 49-62, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-55897-0_8
    DOI: 10.1007/978-3-030-55897-0_8
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