Distinguish Between Least Squares Regression (Simple) and Multiple Regression as Cost

question 41

Essay

Distinguish between least squares regression (simple) and multiple regression as cost estimation methods.

---

Definitions:

Online Test

A digital examination or assessment available over the internet to measure skill, knowledge, or other attributes.

Paper-and-pencil Test

is a traditional form of assessment where individuals answer questions, solve problems, or demonstrate knowledge on paper, commonly used in educational and psychological settings.

Reliability

The degree to which an assessment tool produces stable and consistent results over repeated measures or tests.

Predict Behavior

The process of forecasting an individual's actions based on understanding of their personality, past behavior, and environmental factors.