Correctly match the cost estimation method described with the given methods named in the options

Estimates cost functions on the basis of analysis and opinions about costs mostly made by experienced managers and their own knowledge of production costs	Answer 1Choose...Regression analysisHigh-Low MethodIndustrial engineering methodConference method
Using a statistical method known as the sum of squares method using a set of quantity/cost data to find the best-fitfor the"a" and "b" coefficients for cost behaviour. (Where it is assumed that the cost behaviour may be described by the linear equation Y=a+bx)	Answer 2Choose...Regression analysisHigh-Low MethodIndustrial engineering methodConference method
Estimates cost functions by analysing the relationship between inputs and outputs in physical terms based on known calculated relationships.	Answer 3Choose...Regression analysisHigh-Low MethodIndustrial engineering methodConference method
Reviewing a set of known quantities and associated costs and using the largest quantity and smallest quantity (and their associated costs) to determine cost behaviou	Answer 3Choose...Regression analysisHigh-Low MethodIndustrial engineering methodConference method