A statistical method for finding the best-fitting cost equation to a set of data is the:
A) scattergraph method.
B) high-low method.
C) visual fit method.
D) least-squares regression methoD.
Least-squares regression is the only statistical technique among those listeD.

Question

Quizplus · Accepted Answer

The least-squares regression method is the only statistical technique mentioned in the options that is used for finding the best-fitting equation to a set of data. Therefore, it is the best choice.

A Statistical Method for Finding the Best-Fitting Cost Equation to a Set