Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following statements about using regression to determine the fixed and variable components is false? A. An r2 of .7 is better than
Which of the following statements about using regression to determine the fixed and variable components is false?
A. An r2 of .7 is better than an r2 of .3
B. A regression performed on Excel will give you the necessary info to construct a cost equation.
C. an r2 of 10 is the highest possible.
D. It is preferable to High-Low calculation because regression uses all the points to construct the cost equation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started