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Which of the following statements about using regression to determine the fixed and variable components is false? A regression performed on Excel will give you

Which of the following statements about using regression to determine the fixed and variable components is false?

A regression performed on Excel will give you the necessary info to construct a cost equation.

An r2 of .7 is better than an r2 of .3

It is preferable to High-Low calculation because regression uses all the points to construct the cost equation

an r2 of 10 is the highest possible.

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