Your boss would like you to estimate the fixed and variable components of a partic cost Actual data for this cost over four recent periods appear below. Activity Cost Period 1 22 235 Period 2 23 243 Period 3 25 255 Period 4 20 227 Using the least-squares regression method, what is the cost formula for this cost?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Y = P107.45 + P5.89X
 
 
 
Y = P0.00 + P10.67X
 
 
 
Y = P111.92 + P5.69X
 
 
 
Y = P120.81 + P3.56X
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
22
Cost
Period 1
235
Period 2
23
243
Period 3
25
255
Period 4
20
227
Using the least-squares regression method, what is the cost formula for this cost?
Transcribed Image Text: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 22 Cost Period 1 235 Period 2 23 243 Period 3 25 255 Period 4 20 227 Using the least-squares regression method, what is the cost formula for this cost?
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