An advantage of using regression analysis over the high-low and scattergraph methods is that regression analysis
A)is less costly to implement than high-low or scattergraph methods.
B)is a more precise approach than the high-low or scattergraph methods.
C)uses fewer data points.
D)determines the breakeven point.

Question

Quizplus · Accepted Answer

Regression analysis provides a more precise approach compared to high-low and scattergraph methods. It is able to determine the relationship between variables and create a mathematical model that can be used to estimate future outcomes. This makes it a more reliable tool for forecasting and decision-making. Additionally, regression analysis can also determine the breakeven point, making it a more comprehensive tool compared to the other two methods.

An Advantage of Using Regression Analysis Over the High-Low and Scattergraph