Asked by Yasmine Abbas on Apr 29, 2024
Verified
Least-squares regression is a statistical method for identifying cost behavior.
Least-Squares Regression
A statistical method used to determine the line of best fit by minimizing the sum of squares of the differences between observed values and the values predicted by the line.
- Become familiar with the use and limitations of diverse methods for scrutinizing cost behavior.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
True
Explanation :
Least-squares regression is a statistical method commonly used to identify cost behavior by analyzing the relationship between costs and activity levels.
Learning Objectives
- Become familiar with the use and limitations of diverse methods for scrutinizing cost behavior.
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