Examlex
Which of the below categories of AI is used extensively in the finance industry to analyze situations where the logic or rules are unknown?
Relevant Range
The range of activity within which the assumptions about fixed and variable cost behaviors hold true for a specific entity.
Cost Formula
An equation or model used to predict and allocate costs based on certain variables or cost drivers.
Activity Level
The volume of production or the level of activity in a business that impacts costs and operating income.
Total Cost
The complete cost of producing or acquiring a product or service, including fixed and variable costs.
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