Simple regression analysis differs from multiple regression analysis based on the number of:
A) The interpretation of the Adjusted R Square statistic
B) Costs predicted
C) Data points incorporated
D) Cost drivers used

Question

Quizplus · Accepted Answer

Simple regression analysis involves a single independent variable (cost driver) to predict the dependent variable, while multiple regression analysis involves two or more independent variables (cost drivers) for prediction.

Simple Regression Analysis Differs from Multiple Regression Analysis Based on the Number