Tamo Company used an Excel spreadsheet program to run ordinary least squares on a set of cost data for its utility cost. The cost driver for labor cost is employee hours. The following results were produced.
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Definitions:
Next Record
A command or function in databases or spreadsheets that moves the focus to the next item in a list or dataset.
Records
Sequentially stored data or information in a database, often consisting of multiple fields to represent attributes of an entity.
Table Datasheet
A view in database applications like Microsoft Access showing data in rows and columns, similar to a spreadsheet.
Data Entry
The process of inputting information or data into a computer system or database, often through typing, voice input, or scanning.
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