Asked by Sonja Knezic on Jun 09, 2024
Verified
If a very short time period, such as a week, is used for a regression study, rather than a longer period such as a month:
A) coping with inflation becomes more difficult.
B) accounting measurement errors are more likely.
C) time and motion studies will be required to supplement the cost and volume data.
D) coping with inflation becomes more difficult AND time and motion studies will be required to supplement the cost and volume data.
Regression Study
An analysis technique used to determine the relationship between dependent and independent variables, often used for prediction and forecasting.
Inflation
The rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power.
- Familiarize yourself with cost estimation techniques, like visual fit and regression analysis.
Verified Answer
JG
Jessica GomezJun 13, 2024
Final Answer :
B
Explanation :
When a very short time period is used for a regression study, accounting measurement errors are more likely to occur due to the limited amount of data being used. Coping with inflation and conducting time and motion studies may still be necessary, but they are not directly related to the use of a shorter time period for the regression study.
Learning Objectives
- Familiarize yourself with cost estimation techniques, like visual fit and regression analysis.
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