Tutorial - Learn how to sketch a best fit line from a scatter plot

The video tutorial explains how to estimate and draw a best fit line on a scatter plot. It covers methods for estimating the line, ensuring a balance of points above and below the line, and making adjustments based on data distribution. The tutorial also discusses the importance of correlation in determining the applicability of a best fit line.

Explain the importance of having an equal number of points above and below the best fit line.

How can the distances of points from the best fit line affect its accuracy?