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Metacognition is
High-Low Method
An accounting technique used to estimate fixed and variable costs based on the highest and lowest levels of activity or cost.
Variable Cost
A cost that changes in direct proportion to changes in the level of business activity or output.
Fixed Cost
A cost that does not vary with the level of production or sales, such as rent, property taxes, and salaries.
Least-Squares Regression
A statistical technique used to determine the line that best fits a set of data points, minimizing the sum of the squares of the differences between the observed and estimated values.
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