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Regression is a statistical method for identifying _____ behavior. multiple choice sales volume cost expense

Sagot :

Parrain

Answer: Cost

Explanation:

Regression allows for us to be able to predict the cost of a certain level of production based on past costs and cost behavior.

It works by using the basic formula:

y = mx + c

Y = total cost

M = variable cost

x = volume of production

c = fixed cost

Using this graphical method, the cost of production can be estimated and is therefore very useful in capital budgeting.

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