In practice, the vertical offsets from a line (polynomial, surface, hyperplane, etc.) are almost always minimized instead of the perpendicular offsets. This provides a fitting function for the independent variable that estimates for a given (most often what an experimenter wants), allows uncertainties of the data points along the  and axes to be incorporated simply, and also provides a much simpler analytic form for the fitting parameters than would be obtained using a fit based on perpendicular offsets.
The residuals of the bestfit line for a set of points using unsquared perpendicular distances of points are given by
(1)

Since the perpendicular distance from a line to point is given by
(2)

the function to be minimized is
(3)

Unfortunately, because the absolute value function does not have continuous derivatives, minimizing is not amenable to analytic solution. However, if the square of the perpendicular distances
(4)

is minimized instead, the problem can be solved in closed form. is a minimum when
(5)

and
(6)

The former gives
(7)
 
(8)

and the latter
(9)

But
(10)
 
(11)

so (10) becomes
(12)
 
(13)
 
(14)

Plugging (◇) into (14) then gives
(15)

After a fair bit of algebra, the result is
(16)

So define
(17)
 
(18)

and the quadratic formula gives
(19)

with found using (◇). Note the rather unwieldy form of the bestfit parameters in the formulation. In addition, minimizing for a second or higherorder polynomial leads to polynomial equations having higher order, so this formulation cannot be extended.