Why would regression analysis provide a more accurate cost formula for a mixed cost than the high-low

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Why would regression analysis provide a more accurate cost formula for a mixed cost than the high-low method?

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Cost Accounting Traditions and Innovations

ISBN: 978-0324026450

4th edition

Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael

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Question Posted: Nov 02, 2016 08:10 AM

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Why would regression analysis provide a more accurate cost formula than the high low method for a mixed cost?
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Why would regression analysis provide a more accurate cost formula for a mixed cost than the high-low

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Least squares regression analysis is a statistical technique that ...View the full answer

Cost Accounting Traditions and Innovations

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