Regression analysis is better than the high-low method of cost estimation because regression analysis:
A) Is mathematical.
B) Can provide greater precision and reliability.
C) Fits data into a mathematical equation.
D) Takes less time.
E) Is a statistical method.

Question

Quizplus · Accepted Answer

Regression analysis is better than the high-low method of cost estimation because it can provide greater precision and reliability. Regression analysis fits data into a mathematical equation and is a statistical method, making it a more accurate and precise way of estimating costs compared to the high-low method. While it may take more time to perform, the increased accuracy and reliability make it a superior option.

Regression Analysis Is Better Than the High-Low Method of Cost