Which of the Following Is Not True of the Method

question 77

Multiple Choice

Which of the following is not true of the method of least squares?

• A) The method uses only variable cost to calculate the total cost.
• B) The method uses only two points to develop the cost function.
• C) The method involves minimization of the squared differences between actual observations and the line (cost function).
• D) The method offers ways to assess the reliability of cost equations.

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