Regression Analysis Is a Technique Used To

question 91

Multiple Choice

Regression analysis is a technique used to:

• A) estimate the step and mixed components of total cost.
• B) estimate the fixed and variable components of a mixed cost.
• C) estimate the fixed and variable components of a step cost.
• D) estimate the fixed and mixed components of step cost.

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Definitions:

Independent Variable

An independent variable is a variable that is manipulated or categorically separated in an experiment to observe its effect on a dependent variable.

Regression Line

A line of best fit through a scatter plot of data points that shows the relationship between independent and dependent variables in regression analysis.

Sum of Squares

A statistical technique used to describe the total variation in a dataset.

Regression

A statistical approach for modeling how a dependent variable is related to one or more independent variables.