Least-squares regression- Least −square regression is one of the linear methods for estimating cost behavior. In least-square regression, intercept of the line is the total fixed cost and x co-efficient is the variable cost per unit. Statistical packages is used to derive a line which will minimize the sum of squared errors. To select: The option which is true.

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Chapter 5, Problem 6MC

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Least-squares regression- Least −square regression is one of the linear methods for estimating cost behavior. In least-square regression, intercept of the line is the total fixed cost and x co-efficient is the variable cost per unit. Statistical packages is used to derive a line which will minimize the sum of squared errors.

To select:

The option which is true.

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