________ uses statistics to fit a cost function to all the historical data.
A)The high-low method
B)Account analysis
C)Regression analysis
D)Activity analysis

Question

Quizplus · Accepted Answer

Regression analysis is the use of statistics to fit a cost function to all the historical data, allowing for more accurate predictions of future costs. The high-low method is a simpler technique that only uses the highest and lowest data points to estimate costs, while account analysis and activity analysis are subjective methods that rely on judgments and assumptions. Therefore, regression analysis is the best choice for fitting a cost function to historical data.

________ Uses Statistics to Fit a Cost Function to All