Question

Regression analysis uses only two of the historical data points for estimating a cost equation. True or false

Answer 1

Answer:

The answer is false.

Explanation:

Regression analysis can take TWO OR MORE variables of interest.

It is a very useful method for statistical analysis because it allows you to compare one or more dependent variables to one independent variable. This way it's possible to measure which ones have an impact on any topic of interest, and decide which of the variables matter, which ones are irrelevant and what effect they have on each other.