Which of the Following Is an Advantage of Using the Method

question 1

Multiple Choice

Which of the following is an advantage of using the method of least squares 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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