Solution-What cost formula for cost using least-squares

What cost formula for cost using least-squares regression

Reference no: EM132746996

Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below:

Activity Cost

Period 1 26 P269

Period 2 29 P285

Period 3 25 P256

Period 4 24 P254

Problem 1: Using the least-squares regression method, what is the cost formula for this cost?

Group of answer choices

Option 1: Y = P99.10 + P 5.11X

Option 2: Y = P97.00 + P 6.50X

Option 3: Y = P0.00 + 23X

Option 4: Y = P91.40 + P 6.72X

Reference no: EM132746996

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What cost formula for cost using least-squares regression

Reference no: EM132746996

Reference no: EM132746996

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