Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below.

Activity Cost

Period $128$ $ $382$

Period $227$ $ $371$

Period $324$ $ $350$

Period $429$ $ $394$

Using the least$-$squares regression method, what is the cost formula for this cost?

Answer rating: 100% (QA)

Heres how to find the cost formula using leastsquares regression for the given data Step 1 ... View the full answer