Which of the Following Is a Weakness of the Regression

question 98

Multiple Choice

Which of the following is a weakness of the regression method of cost estimation?

• A)The method is not particularly useful when the physical relation between inputs and outputs is indirect.
• B)The method is subjective.
• C)The method requires that several relatively strict assumptions be satisfied.
• D)The method is based on studies of what future costs should be rather than what past costs have been.

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Definitions:

AFL-CIO Split

The division within the American Federation of Labor and Congress of Industrial Organizations, a major trade union center in the United States, often referring to historical rifts or disputes leading to the creation of separate labor federations.

Craft

Refers to occupations or trades that require specialized skills, usually manual, learned through training or apprenticeship.

Industrial Lines

Division or categorization of the economy into segments based on the nature of the activities, such as manufacturing, services, and agriculture.

Labor Spies

Individuals hired by employers to infiltrate, monitor, or gather intelligence on labor unions and employee activities, often to counter organization efforts.