Your boss, Mr. Robert Yemer, wants you to generate a data series with the relevant information for computing the production cost function of Regress Co. In addition, Mr. Yemer would like you to apply the must quantitatively solid estimation method. You must:

a. Generate your own observations of production units and total costs

b. Run the must solid quantitative method for estimating the cost function of Regress Co.

c. Write a memo to Robert Yemer with the following sections:

i. Objectives of the study

ii. Results of the study, cut and paste the results of your excel file the memo

iii. Interpretation of the results of the statistical tests

iv. Potential limitations of the methodology you are implementing