Match each following terms with their correct description from the items listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Results in the best-fitting line through a set of data points
A)High-low method
B)Scattergraph method
C)Least squares (regression) method

Question

Quizplus · Accepted Answer

The least squares (regression) method is used to determine the best-fitting line through a set of data points. The high-low method is used to separate mixed costs into fixed and variable components based on the highest and lowest activity levels, and the scattergraph method is used to visually show the relationship between two variables.

Match Each Following Terms with Their Correct Description from the Items