You have performed a simple regression analysis using the natural log (Ln) of cumulative production as the
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You have performed a simple regression analysis using the natural log (Ln) of cumulative production as the X-variable and the natural log of cumulative average cost as the Y variable with the following results:
Ln Y = 5.2983 — 0.2345 Ln X Required
a. Explain the meanings of the intercept and slope terms.
b. Show how to find the percentage learning rate that this regression result implies
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Related Book For 
Cost Management Strategies For Business Decisions
ISBN: 12
4th Edition
Authors: Ronald Hilton, Michael Maher, Frank Selto
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