One of the simplest methods to measure a linear cost function from past data is the:
A) visual- fit method
B) least- squares regression method
C) regression analysis method
D) high- low method

Question

Quizplus · Accepted Answer

The high-low method is a simple technique that uses the highest and lowest activity levels to estimate the variable and fixed components of a linear cost function.

One of the Simplest Methods to Measure a Linear Cost