Which of the following methods of cost estimation relies on only two data points?
A) Least-squares regression.
B) The high-low method.
C) The visual-fit method.
D) Account analysis.
E) Multiple regression.

Question

Quizplus · Accepted Answer

The high-low method of cost estimation uses only the highest and lowest data points to estimate the fixed and variable components of a cost.

Which of the Following Methods of Cost Estimation Relies on Only