Advantages of the Method of Least Squares Over the High-Low

Multiple Choice

Advantages of the method of least squares over the high-low method include all the following EXCEPT

A) a statistical method is used to mathematically derive the cost function.
B) only two points are used to develop the cost function.
C) the squared differences between actual observations and the line (cost function) are minimized.
D) all the observations have an effect on the cost function.