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The "Line of Best Fit" Created in the Regression Method

Question 101

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The "line of best fit" created in the regression method to generate a straight-line equation


A) is used to estimate future costs.
B) determines variability in estimated and actual costs for a given period.
C) helps to analyze the cause-and-effect relationship of actual costs.
D) allows the estimate of costs to be exactly the same as those costs actually incurred.

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