Regression Analysis Is Better Than the High-Low Method of Cost

question 92

Multiple Choice

Regression analysis is better than the high-low method of cost estimation because regression analysis:

• A) Is mathematical.
• B) Can provide greater precision and reliability.
• C) Fits data into a mathematical equation.
• D) Takes less time.
• E) Is a statistical method.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the marketplace.