Question: The three methods outlined in Appendix 5A are the scattergraph method, the high-low method, and the method of least squares (regression). I'd like you to
The three methods outlined in Appendix 5A are the scattergraph method, the high-low method, and the method of least squares (regression).
I'd like you to tell me which method you think is most practical for use in "the real world" for purposes of estimating and budgeting for future costs. Is there a method that might be more objective but might end up being less reliable? Why might this be? Alternatively, is there or should there be room for subjectivity in estimating future mixed costs?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
