The apparent error could affect regression analysis

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Reference no: EM132089348

Please provide any examples if you can. This is a critical analysis discussion for the following scenario: You are doing a cost analysis and you realize that there could be errors in the accounting records. For ex, maintenance costs were recorded as zero in Dec. However, you know that maintenance was performed in December. You realize that maintenance costs were about double the normal monthly amount in January. You suspect that maintenance costs were not recorded in December, the last month of the year, so the department’s costs would appear to be below budget. The apparent error could affect regression analysis because you are using both December and January in your analysis. Should you report your concerns about the way maintenance costs have been recorded? If so, to whom would you report your concerns?

Reference no: EM132089348

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