An advantage of using regression analysis over the high-low and scattergraph methods is that
A)Regression analysis is less costly to implement than high-low or scattergraph methods.
B)Regression analysis is a more precise approach than the high-low or scattergraph methods.
C)Both A and B are advantages of using regression analysis.
D)Neither A nor B are advantages of using regression analysis.

Question

Quizplus · Accepted Answer

Regression analysis is a more precise approach than the high-low or scattergraph methods. While it may not necessarily be less costly to implement, the primary advantage of regression analysis is its ability to provide more accurate and detailed predictions and insights based on the data.

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