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Cost Estimates
Approximations of the cost to complete a project, manufacture a product, or provide a service, based on available information.
Regression Line
A statistical tool used to describe the relationship between a dependent variable and one or more independent variables, often represented as a straight line in linear regression.
Scattergraph
A graphical representation that displays the relationship between two variables, often used in statistics and data analysis.
High-Low Method
A technique used in cost accounting to determine the variable and fixed components of a company's cost structure by analyzing the highest and lowest levels of activity.
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