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Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The output of regression analysis showed the
Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The output of regression analysis showed the following information: Intercept Coefficient = 75,828 X Variable 1 Coefficient = 52.61 R-square = 0.9756 Should your client use this information to predict monthly operating costs? .. O A. Yes, because R-square is so high. OB. Yes, because regression analysis can always be relied upon. O C. No, because R-square is so high. OD. There is not enough information to make this prediction
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