6. S1. The high-low method is generally less accurate than the least-squares regression method for analyzing the behavior of mixed costs. S2. The fact that the least-squares regression method uses only two data points is a major defect of the method. Group of answer choices
6. S1. The high-low method is generally less accurate than the least-squares regression method for analyzing the behavior of mixed costs. S2. The fact that the least-squares regression method uses only two data points is a major defect of the method. Group of answer choices
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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46. S1. The high-low method is generally less accurate than the least-squares regression method for analyzing the behavior of mixed costs.
S2. The fact that the least-squares regression method uses only two data points is a major defect of the method.
Group of answer choices
a. Both statements are true
b. Neither of the statements is true
c. Statement 2 is true
d. Statement 1 is true
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