What Is an Advantage of Using the Least Squares (Regression)

question 101

Multiple Choice

What is an advantage of using the least squares (regression) method rather than the high-low method?

• A) It can be calculated without a calculator.
• B) Two points are used to develop the cost function.
• C) For a given set of data, it will always produce the same cost formulae.
• D) The outlying observations have no effect on the cost function when the calculations are complete.

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