Using the least squares (regression) method, the term intercept refers to the fixed cost.

Name: Using the least squares (regression) method, the term intercept refers to the fixed cost.
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In the least squares (regression) method, the intercept refers to the value of the dependent variable when the independent variable is zero. In the context of cost analysis, this can be interpreted as the fixed cost, which is the cost that does not vary with changes in output or activity level.

Using the Least Squares (Regression) Method, the Term Intercept Refers