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Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 6ISBN: 978-0078025532Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 6ISBN: 978-0078025532 Exercise 55
Curry Rubber manufactures rubber bands for commercial retail companies. The accounting manager has created a regression analysis of past data. You notice that the formula has an R -squared of.6, a t value of 2.3, and a standard error of the estimate of $200,000. The estimate for next quarter costs is $2,584,072. What do these statistics tell you about the reliability of his regression analysis
Explanation
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Regression Analysis:
The statistical me...
Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
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