Which of the following is an alternative name for a cost driver in a regression analysis?
A) Dependent variable
B) Independent variable
C) Beta
D) Error term

Question

Quizplus · Accepted Answer

A cost driver in a regression analysis is an independent variable that is believed to influence the dependent variable, which is typically a cost. While a cost driver and an independent variable are not exactly the same, they are often used interchangeably in the context of regression analysis. The other answer choices are not alternatives for a cost driver. The dependent variable is the variable being predicted or explained by the independent variable(s), beta is a coefficient measuring the relationship between the independent variable and the dependent variable, and the error term is the difference between the predicted and actual values of the dependent variable.

Which of the Following Is an Alternative Name for a Cost