Question
Choose the graph with a trend line that best fits the data.
- Graph 1
- Graph 2
- Graph 3
- Graph 4
Hint:
A trendline is a line superimposed on a chart revealing the overall direction of the data.
The correct answer is: Graph 1
The graph that best describes the trend line is graph 1.
Hence, the correct option is A.
A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.
Related Questions to study
What is the slope of the line y= x + 2
Equation of the line - y=x+2
By comparing the given equation with slope intercept form (y=mx+c)
we get m= 1 and c =2
where m is the slope of the given line ,so in the given equation slope of the line is 1
What is the slope of the line y= x + 2
Equation of the line - y=x+2
By comparing the given equation with slope intercept form (y=mx+c)
we get m= 1 and c =2
where m is the slope of the given line ,so in the given equation slope of the line is 1
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Write the slope intercept form of a line with slope -1 and y intercept 2
'a' is the correct choice
In the given question
slope of the line (m)=-1 and y intercept (c) = 2
so the slope intercept form of the line will be y=mx +c
=-1*x+2
= -x+2
Write the slope intercept form of a line with slope -1 and y intercept 2
'a' is the correct choice
In the given question
slope of the line (m)=-1 and y intercept (c) = 2
so the slope intercept form of the line will be y=mx +c
=-1*x+2
= -x+2
