Should management use this equation to predict monthly operating$$ costs? Explain your answer.

This equation

$$

to predict costs. The$$ R$-$square statistic can range from a high of

$$

to a low of

$$

$.$ In this$$ case, the$$ R$-$square indicates that the cost equation

is very reliable

$,$ indicating there

$$

relationship between the potential cost driver and the$$ firm's operating costs.