Which method of cost data analysis is generally considered the most accurate?

Name: Which method of cost data analysis is generally considered the most accurate?
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Question

Quizplus · Accepted Answer

The least-squares regression method is generally considered the most accurate for analyzing cost data because it uses all data points to minimize the sum of the squares of the differences between the observed and predicted values, providing a more precise estimate of fixed and variable costs.

Which Method of Cost Data Analysis Is Generally Considered the Most