Which of the following methods of cost estimation relies on only two data points?
A)Least-squares regression.
B)The high-low method.
C)The visual-ﬁt method.
D)Account analysis.
E)Multiple regression.

Question

Quizplus · Accepted Answer

The high-low method relies on only two data points, the highest and lowest activity levels, to estimate fixed and variable costs. The other methods listed require multiple data points to determine cost behavior.

Which of the Following Methods of Cost Estimation Relies on Only