Regression analysis is one of the most accurate methods for estimating costs,because its estimates are based on the data set as a whole.

Question

Quizplus · Accepted Answer

Regression analysis takes into account the entire data set and can provide accurate estimates for costs based on the relationship between variables. It is a statistical method used in finance, economics, and other fields to make predictions and analyze data. However, it is important to note that the accuracy of the estimates depends on the quality and relevance of the data used in the analysis.

Regression Analysis Is One of the Most Accurate Methods for Estimating