Regression analysis is a more sophisticated technique than the high-low method and as such, often leads to higher confidence in the projected costs.

Question

Quizplus · Accepted Answer

Regression analysis uses statistical techniques to find the relationship between different variables and can provide a more accurate estimate of costs than the high-low method, which only uses two data points to make projections. Therefore, it often leads to higher confidence in the projected costs.

Regression Analysis Is a More Sophisticated Technique Than the High-Low