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Which of the following is a step followed by an analyst to overcome problems related to data collection for estimating cost function? To include the

Which of the following is a step followed by an analyst to overcome problems related to data collection for estimating cost function?

  1. To include the inflationary price effects in the data
  2. To consider fixed costs as variable costs and treat allocated fixed costs per unit as a variable cost
  3. To eliminate unusual observations if extreme values of observations occur
  4. To use cash accounting

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