Examlex
Each of the following is a limitation of activity-based costing except that
Sum Of The Squared Residuals
The total value obtained by summing the squares of the differences between observed and predicted values, used in statistical analysis to measure the fit of a model.
Data Points
Individual measurements or observations collected during data gathering.
Residual Term
The difference between observed values and the estimated values in a regression model.
Random Error
An error in measurement caused by unpredictable fluctuations in the variables being measured.
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