An estimation of relationship between one independent variable and the dependent variable is known as ___________?
Correct answer: A. simple regression
- A. simple regression
- B. Two way regression
- C. One variable series
- D. multiple regression
Explanation
Simple regression examines the relationship between one independent variable and one dependent variable. Multiple regression requires two or more independent variables.
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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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