Which of the Following Is an Advantage of Using the TREND()

question 81

Multiple Choice

Which of the following is an advantage of using the TREND() function versus the regression tool?

• A) The TREND() function provides more statistical information.
• B) The TREND() function handles multiple dependent variable data.
• C) The TREND() function is dynamically updated when input to the function changes.
• D) The TREND() function does not use a least squares regression line.

---

Definitions:

Gross Margin

The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core business activities.

Operating Expenses

Operating expenses are the costs associated with the day-to-day operations of a business, excluding the cost of goods sold, such as rent, utilities, and payroll.

High-Low Method

A technique used in managerial accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.

Variable Lubrication Cost

pertains to lubrication expenses that vary with the level of machinery operation or production volume.