FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:High-low and regression cost estimation methods are alike in that they both:
Select one:
O a. Have a slope term but not an intercept term.
O b. Provide the same accuracy and reliability
O c. Have an intercept term but not a slope term.
O d. Have an intercept term and a slope term.
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- The simplifying assumption that costs and volume vary in straight-line relationships makes the analysis of cost behav-ior much easier. What factors make this a reasonable and useful assumption in many cases?arrow_forwardConsider the generalised linear regression model: y = Xẞ + e, with E[e] = 0 and E[ee] = 022. Let the model be estimated using both OLS and GLS, and let the OLS estimator of ẞ be denoted as BOLS and its GLS estimator as BGLS. Which of the following statements are incorrect about the OLS and GLS estimators? (a) BOLS is BLUE (b) BGLS is BLUE (c) The variance of BOLS cannot be less than that of BGLS (d) BGLS is more efficient that BOLSarrow_forwardIs there a difference between arithmetic and geometric average returns? Is it true that they converge or not?arrow_forward
- Will adjusted R2 be a good alternative for evaluating model performance?arrow_forwardDescribe the two basic differences between the weighted average and the FIFO method.arrow_forward(a) Compare and contrast nominal, dichotomous, ordinal, and normal variables. (b) In social science research, why isn’t it important to distinguish between interval and ratio variables?arrow_forward
- The FIFO method provides a major advantage over the weighted-average method in that______?arrow_forwardExplain why cost predictions based on the same cost driver can differ when applying the high-low method and regression analysis. State one advantage and one disadvantage of the high-low method.arrow_forwardThe correlation of two variables will be Group of answer choices a. Between -1 and +1, inclusive b. Between 0 and +2, inclusive c. Between 0 and +1, inclusive d. Between minus infinity and plus infinityarrow_forward
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