All the conditions or assumptions of regression analysis in simple regression can give __________?
Correct answer: C. reliable estimates
- A. dependent estimation
- B. independent estimation
- C. reliable estimates
- D. unreliable estimates
Explanation
When the assumptions of simple regression are satisfied, the estimated coefficients and predictions are considered reliable. Violating those assumptions can make the estimates biased or unreliable.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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