Which of the following is a statistical method that estimates the relation between cost drivers and costs?
A)regression analysis.
B)account analysis.
C)engineering methods.
D)All of the answers are correct.

Question

Quizplus · Accepted Answer

Regression analysis is a statistical method that estimates the relationship between cost drivers and costs. It analyzes the relationship between a dependent variable (costs) and one or more independent variables (cost drivers) to predict the value of the dependent variable. Account analysis and engineering methods are not statistical methods.

Which of the Following Is a Statistical Method That Estimates