Does anyone know of an out-of-the-box tool or ArcScript that takes completely dissimilar lines (at least two or more) and creates a composite line that's length and geometry is based on a statistical (average, mean, etc.) measurement of the input line values?
Similar to a best-fit line for a group of points, but this output would be a best fit for lines and not necessarily be a straight-line, i.e. if the inputs had many vertices then the output would have a similar number of vertices.
I've attached a crude picture of what I am trying to accomplish. The Red lines are the inputs and the Black line is the hypothetical output.
This seems like it could be a very complicated undertaking and I don't want to reinvent the wheel if someone has already thought through this, or any thoughts about how I could best go about accomplishing this, thanks?