In which approach to cost estimation, is least squares used?
A) Engineering method
B) High-low method
C) Regression analysis
D) Managerial judgement

Name: In which approach to cost estimation, is least squares used? A) Engineering method B) High-low method C) Regression analysis D) Managerial judgement
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Question

Quizplus · Accepted Answer

Least squares is a statistical method used in regression analysis, which is one of the approaches to cost estimation. Therefore, the correct choice is C.

In Which Approach to Cost Estimation, Is Least Squares Used