An estimation of relationship between two or more independent variables and dependent variable is classified as
A. One variable series
B. multiple regression
C. simple regression
D. Two way regression
Answer: Option B
Solution(By Examveda Team)
An estimation of relationship between two or more independent variables and dependent variable is classified as multiple regression. Multiple regression is an extension of simple linear regression. It is used when we want to predict the value of a variable based on the value of two or more other variables.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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