________ is a statistical method for obtaining the unique cost-estimating equation that best fits a set of data points.
A) Reciprocal method
B) High-low method
C) Regression analysis
D) Cost recession analysis

Question

Quizplus · Accepted Answer

Regression analysis is a statistical method used for estimating the relationship between a dependent variable and one or more independent variables. It helps to identify the unique cost-estimating equation that best fits a set of data points by minimizing the sum of squared errors between the actual and predicted values. Therefore, Regression analysis is the best method to obtain the unique cost-estimating equation.

________ Is a Statistical Method for Obtaining the Unique Cost-Estimating