The vertical difference, called the residual term, measures the distance between actual cost of one period and estimated cost of the next period.

Name: The vertical difference, called the residual term, measures the distance between actual cost of one period and estimated cost of the next period.
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The vertical difference, called the residual term, measures the distance between actual cost and estimated cost for each observation of the cost driver.

The Vertical Difference, Called the Residual Term, Measures the Distance