Question: Comment on the pattern in these three plots Compute estimates of each of the three cost functions in requirement 1, using linear regression. Note that
Comment on the pattern in these three plots
Compute estimates of each of the three cost functions in requirement 1, using linear regression. Note that Python or Excel are recommended tools for this step.
Add the estimated cost function to your plots and comment on how well the estimate fits the data.
What are two factors that could explain the pattern of monthly costs for materials? For each factor you cite explain its implications for examining cost-behavior patterns.
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