The constant variance is classified in assumptions testing as __________?
Correct answer: B. homoscedasticity
- A. homogenous
- B. homoscedasticity
- C. heteroscedasticity
- D. heterogeneous
Explanation
Constant variance of the errors is called homoscedasticity, from the idea of equal spread across observations. Heteroscedasticity means that the error variance changes.
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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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