The following statements relate to the advantages that linear regression analysis has over the highlow method in
Question:
The following statements relate to the advantages that linear regression analysis has over the high–low method in the analysis of cost behaviour:
1. The reliability of the analysis can be statistically tested It takes into account all of the data.
2. It assumes linear cost behaviour.
Which of the above statements are TRUE?
(a) 1, 2 and 3
(b) 2 and 3 only
(c) 1 and 2 only
(d) 1 only
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The above statements that are TRUE is option c only The cost behavi...View the full answer
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