Least-Squares Regression Computations – LO 5-11
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
When using least-squares regression, R2 (coef of determination) represents what
When using least-squares regression, R2 (coef of determination) represents what
The measure of how sensitive operating income is to a percentage change in sales is known as
What is on the X-axis of the cost-volume-profit graph?
What is plotted as a horizontal line on a CVP graph?
When a shift in sales mix from high-margin items to now having low-margin units can cause total profit to do what?
Which method do managers use to estimate the fixed and variable components of mixed costs used by studying past records of cost and activities?
The profit graph is what linear equation:
Excel shows least-squares regression using which the equation form