An estimation of relationship between two or more independent variables and the dependent variables are classified as ____________?
Correct answer: B. multiple regression
- A. One variable series
- B. multiple regression
- C. simple regression
- D. Two way regression
Explanation
Multiple regression estimates the relationship between one dependent variable and two or more independent variables. Simple regression uses only one independent variable.
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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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