Question: Wang Manufacturing uses regression analysis to predict manufacturing overhead costs based on labor-hours and/or machine-hours and has developed the three following regression equations. Required Which

Wang Manufacturing uses regression analysis to predict manufacturing overhead costs based on labor-hours and/or machine-hours and has developed the three following regression equations.

Required
Which regression would you choose and why?

SE R-squared t-values Regression 1 33,844 0.55 Regression 2 45,383 0.35 Regression 3 31,044 0.58 2.3 Labor-hours Machine-hours 1.9 0.8 1.1

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