The percentage of variation in the 'Y' explained by the 'X' is measured by ___________?
Correct answer: C. coefficient of determination
- A. coefficient of residual
- B. coefficient of prediction
- C. coefficient of determination
- D. coefficient of index
Explanation
The coefficient of determination, R², measures the proportion of variation in dependent variable Y explained by independent variable X. A larger R² indicates a closer explanatory fit of the model.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
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.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
Industrial engineering method is used to analyze the relationship between ___________?
The relationship based on unrelated level of activity and past data of cost is measured with the help of __________?
The model which states decline in extra time needed to produce last unit, every time for the cumulative quantity of doubled units produced is classified as ___________?
The small residual terms and positive slope of line indicate ______________?
The individual variable coefficient's multicollinearity leads to ___________?
The constant variance is classified in assumptions testing as __________?