Question Details

Multiple regression analysis uses only independent variables



1) In using high-low method, the slope coefficient is calculated by dividing the difference between highest and lowest observations of the cost driver by the difference between costs associated with highest and lowest observations of the cost driver.


2) Simple regression analysis estimates the relationship between the dependent variable and one independent variable.


3) The high-low method involves choosing the period of highest cost driver activity and the period of lowest cost driver activity. 


4) Multiple regression analysis uses only independent variables and not dependent variables. 

5) In regression analysis, the term "goodness of fit" indicates the strength of the relationship between the cost driver and the costs. 

6) Multiple regression analysis estimates the relationship between the dependent variable and two or more independent variables.





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