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Which of the following statements is false regarding regression analysis? Regression analysis considers all of the data points for determining the line that best fits

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Which of the following statements is false regarding regression analysis? Regression analysis considers all of the data points for determining the line that best fits the data so it is usually more accurate than the high-low method Regression analysis helps generate a statistic, called the R-square, which tells how well the line fits the data points Regression analysis can only be used by manufacturing companies to predict costs

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