In which scenario are the estimation results from regression analysis of histori

Question

In which scenario are the estimation results from regression analysis of historical costs useful? f. B and E are useful g. None of the above You and your family have been operating a chain of bookstores in Texas for over a decade. Your partner recently accepted an offer to work with Nike in Portland and you've decided to use the move to open a donut shop. To estimate costs for this new venture, which of the following methods would be most useful? a. Statistical cost estimation b. Account analysis estimation c. Raw average estimation d. Engineering cost estimation e. None of the above

Explanation / Answer

1) option f) b and e are useful

because , they have values of R^2 ( > 0.8 ) and hence strong relationship between variables

and p-values are less than 0.05 and hence significant

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