What advantages does using regression analysis have over the visual-fit method for determining cost functions?

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Introduction to Management Accounting

ISBN: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

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Question Posted: Nov 19, 2014 05:53 AM

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What advantages does using regression analysis have over the visual-fit method for determining cost functions?

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Regression analysis is a statistical method of fitting a costfunction line to observed costs I...View the full answer

Introduction to Management Accounting

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