Moodle > XCO >KOI E-Learning State Finished Completed on Wednesday, 6 May 2020, 12:39 PM Time taken 1 hour 7 mins Davinder Kaur 1121314 Cursson 1 Correctly match the cost estimation method described with the given methods named in the options 10 Complete Med out of 1 Industrial engineering method . Show one page at finish review Regression analysis Estimates cost functions by analysing the relationship between inputs and outputs in physical terms based on known calculated relationships Using a statistical method known as the sum of square method using a set of quantity/cost data to find the best fit for the "s" and "B" coefficients for cost behaviour (Where it is assumed that the cost behaviour may be described by the linear equation Yab Reviewing a set of known quantities and associated costs and using the largest quantity and smallest quantity and their associated Cotto determine cost behaviour Estimates cost functions on the basis of analysis and opinions about costs mostly made by experienced managers and their own knowledge of production costs High-Low Method March the following labels with the description that best matches that tem Complete The practice of reducing expected revenue and increasing expected costs in the budget Budgets may be met however the overall corporate goals may not be achieved