Question
Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods
Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below:
|
| Activity | Cost | |
|
| Period 1 | 26 | P269 |
|
| Period 2 | 29 | P285 |
|
| Period 3 | 25 | P256 |
|
| Period 4 | 24 | P254 |
Using the least-squares regression method, what is the cost formula for this cost?
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New Challenges For Future Sustainability And Wellbeing
Authors: Ercan Özen, Simon Grima, Rebecca Dalli Gonzi
1st Edition
1800439695, 9781800439696
