The high-low method:
A)easily handles estimating the relationship between the dependent variable and two or more independent variables.
B)uses the residual term to measure goodness of fit.
C)is more accurate than the regression method.
D)calculates the slope coefficient using only two observed values within the relevant range.

Question

Quizplus · Accepted Answer

The high-low method calculates the slope coefficient using only two observed values within the relevant range. It is a simple method that can be used when there is no access to data on all relevant independent variables. However, it may not always provide the most accurate estimate.

The High-Low Method