In estimating a cost function using quantitative analysis,the independent variable is the factor used to predict the dependent variable.

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Quizplus · Accepted Answer

This statement is true. In quantitative analysis, the independent variable is the factor that is used to predict or explain changes in the dependent variable, which is the variable being measured or analyzed. The cost function is typically the dependent variable in this context, and the independent variable(s) would be the factors that affect or influence the cost. By analyzing the relationship between these variables, a cost function can be estimated or predicted, allowing for better understanding and management of costs in a given context.

In Estimating a Cost Function Using Quantitative Analysis,the Independent Variable