Question: Using regression (least squares method) of writing a cost function in the from Y= a + bx Is more accurate than the high-low method because

Using regression (least squares method) of writing a cost function in the from Y= a + bx

Is more accurate than the high-low method because it is done on a computer.

May be more or less accurate than the high-low method

Is more accurate than the high-low method because regression uses all the points to determine the function.

Is the same accuracy as the high-low method.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!