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When using the scattergraph method, how can you split a total cost into a variable and a fixed component? By using a least squares regression
When using the scattergraph method, how can you split a total cost into a variable and a fixed component?
- By using a least squares regression method in a spreadsheet programme. By using the change of costs over a range between highest and lowest output level observed.
- By using a cost formula to separate variable and fixed.
- By plotting data points into a chart and visually inspect their behaviour.
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