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Multiple Choice QuestionA statistical method of identifying cost behavior that is computed using spreadsheet programs or calculators is:Multiple choice question.scatter diagramsthe high-low methodleast-squares regression

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Multiple Choice QuestionA statistical method of identifying cost behavior that is computed using spreadsheet programs or calculators is:Multiple choice question.scatter diagramsthe high-low methodleast-squares regression

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Solution

The correct answer is "least-squares regression". This is a statistical method used to determine a line of best fit by minimizing the sum of squares created by a mathematical function. A "least squares" method is most commonly used in regression analysis to approximate the solution of overdetermined systems.

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A statistical method for identifying cost behavior is the:Multiple ChoiceHigh-low method.Least-squares regression method.CVP charting method.Composite method.Scatter diagram method.

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