Which of the following is required for multiple regression?
A) The use of dummy variables.
B) The use of more than one cost driver.
C) The use of more than one dependent variable.
D) The use of a trend variable.
E) The use of multiple sets of data.

Question

Quizplus · Accepted Answer

Multiple regression involves using two or more cost drivers (independent variables) to predict a dependent variable. The use of dummy variables, multiple dependent variables, trend variables, or multiple sets of data may be optional or specific to the particular analysis, but the use of multiple cost drivers is a fundamental aspect of the method.

Which of the Following Is Required for Multiple Regression