What are the expectations of the team (ie. What is required)? What is the dependent variable (what you are trying to explain)? What are the independent variables (the cost drivers)? after having identified dependent and independent variable, what is the next step in cost ehavior analysis (see page 27 of notes)? What tools are available to accomplish the model building? Which is best? (Hint: it is NO igh-low method. Sometimes this project is called the regression project.) id you have "good' data? Did you have to adjust it? Why