Due to the use of statistics,least squares regression analysis estimates a cost function more ________ than other cost measurement methods.
A) easily
B) rapidly
C) reliably
D) subjectively

Question

Quizplus · Accepted Answer

Least squares regression analysis is a statistical method that uses mathematical formulas to estimate the relationship between variables in a data set. It minimizes the distance between the predicted values and the actual values, which results in more reliable estimates of the cost function compared to other methods that may rely on subjective judgments or simplifying assumptions. Therefore, least squares regression analysis can provide more reliable estimates of the cost function.

Due to the Use of Statistics,least Squares Regression Analysis Estimates