The Method of Cost Estimation That Minimises the Sum of the Squared

question 51

Multiple Choice

The method of cost estimation that minimises the sum of the squared deviations between the cost line and the data points is:

• A) least squares regression.
• B) visual fit.
• C) account classification.
• D) None of the given answers

---

Definitions:

Fundamental Attribution Error

The tendency to attribute others' actions to their character or personality, while attributing our own behaviors to external situations.

Competent

Having the necessary ability, knowledge, or skill to do something successfully.

Recall

The mental process of retrieving information from past experience or learning that is currently not in conscious awareness.

Attending Church

The act of participating in religious services, particularly in a Christian context.