A line of best fit can provide you with a visual connection between two factors over a specific period and can help predict future data. The line of best fit in Excel is a straight line that shows any relationship or correlation between the factors you're studying. In this article, we discuss what line of best fit in Excel is, review the benefits of this tool, outline steps to add the best fit line to data in Excel, and share common tips to guide you when performing this task.
Knowing how to create a trendline for a data set can help you establish a relationship between the data to aid strategic business decisions. Excel provides a relatively easy platform where you can do this. A company can represent the relationship between data visually by identifying trends within a data set.
