The cost equation determined by regression analysis is usually less accurate than the line determined by the high-low method.

Question

Quizplus · Accepted Answer

This statement is false. The cost equation determined by regression analysis is generally more accurate than the line determined by the high-low method. Regression analysis takes into account all of the data points, rather than just the highest and lowest, resulting in a more representative and precise equation.

The Cost Equation Determined by Regression Analysis Is Usually Less