Suppose we have 10 lines in an x-y plane. The lines are somewhat clustered together, and going more or less in the same direction.
The data I have for these lines is their line equation:
$$y = a + bx$$
I'm wondering how one can come up with an "average line" for the set.
Does it make sense to take the average of all the $a$ values (the y-intercept) and take the average of all the $b$ values (the slope) and use those two together to arrive at an average line equation?
Thoughts and comments appreciated.