Examlex
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Least-Squares Regression
A statistical method used to determine and approximate the relationship between variables, minimizing the squared differences between observed and predicted values.
Fixed Cost
Costs that do not vary with the level of production or sales, remaining constant regardless of business activities.
High-Low Method
A technique used in cost accounting to estimate variable and fixed costs by analyzing the highest and lowest levels of activity and their associated costs.
Variable Cost
Variable costs are expenses that vary directly with the level of production or sales volume, such as raw materials and packaging.
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