Curve estimation

Curve estimation is a statistical method used to identify the best mathematical function that describes the relationship between variables in data. Instead of fitting a straight line, it finds curves—like lines, parabolas, or more complex shapes—that closely match the observed data points. This helps us understand patterns, make predictions, or interpret trends accurately. Essentially, it involves selecting and adjusting a mathematical model so it best represents the data’s underlying relationship, allowing for more precise analysis and forecasting.