The nonstatistical method of cost estimation that calls for the creation of a scatter diagram is the:
A)least-squares regression method.
B)high-low method.
C)visual-fit method.
D)account analysis methoD.
E)multiple regression method.

Question

Quizplus · Accepted Answer

The visual-fit method involves plotting historical cost and activity data on a scatter diagram and visually fitting a straight line through the points. This method is considered nonstatistical because it does not rely on mathematical calculations or statistical models like the other methods listed.

The Nonstatistical Method of Cost Estimation That Calls for the Creation