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Which of the following is a disadvantage of the high-low method? Group of answer choices Only two points are used to develop the cost function.
Which of the following is a disadvantage of the high-low method?
Group of answer choices
Only two points are used to develop the cost function.
A statistical method is used to mathematically derive the cost function.
The squared differences between actual observations and the line (cost function) are minimized.
All of the observations have an effect on the cost function.
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