In the Simple Regression Model,y = 21 − 5x,if the Coefficient

question 51

True/False

In the simple regression model,y = 21 − 5x,if the coefficient of determination is 0.81,we can say that the coefficient of correlation between y and x is 0.90.

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Definitions:

FIFO Method

The FIFO (First-In, First-Out) method is an inventory valuation strategy where the oldest inventory items are sold or used first.

Weighted Average Method

The weighted average method is an inventory costing approach that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period.

Weighted Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all goods available for sale during the period.

Unit Costs

The amount of expenditure incurred to create a single unit of a product or service.