In regression equation, an evaluation criteria considers the significance of _________?
Correct answer: B. independent variable
- A. dependent variable
- B. independent variable
- C. significance plotting
- D. insignificance plotting
Explanation
Regression evaluation commonly tests whether an independent variable significantly explains changes in the dependent variable, usually through a t-test of its coefficient. The dependent variable is the outcome being explained, not the variable whose significance is directly tested.
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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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