Question: In which step of the decision process do managers use past data to estimate the relationship of cost drivers compared to costs? Group of answer

In which step of the decision process do managers use past data to estimate the relationship of cost drivers compared to costs?
Group of answer choices
Step 1: Identify the Problem and Uncertainties.
Step 2: Obtain Information.
Step 5: Implement the Decision, Evaluate Performance, and Learn.
Step 4: Make Decisions by Choosing among the Alternatives.
Step 3: Make Predictions about the Future.

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