What is Star formula for estimating costs

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Reference no: EM132815587

Problem - Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output:

Regression Statistics

Multiple R 0.9814

R Square 0.9576

Observations 30

	Coefficients	Standard Error	T Stat	P-Value
Intercept	174,182	60,782	2.87	0.020
Production (X)	11.93	0.9256	12.89	0.000

Required - What is Star's formula for estimating costs?

Reference no: EM132815587

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