In least squares regression analysis, the cost to be estimated is the:
A) Independent variable.
B) Dependent variable.
C) Cost object
D) Outlier.
E) Dummy variable.

Question

Quizplus · Accepted Answer

In least squares regression analysis, the dependent variable is the variable that is being predicted or estimated, while the independent variable is the variable that is used to make the prediction. The cost to be estimated is the dependent variable in this case.

In Least Squares Regression Analysis, the Cost to Be Estimated