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

Question

Quizplus · Accepted Answer

The high-low method relies on only two data points - the highest and lowest levels of activity within a given period. It uses the difference between the costs associated with these two levels of activity to estimate the fixed and variable components of the total cost.

Which of the Following Methods of Cost Estimation Relies on Only