Evaluation criteria of regression equation must be considered as
A. goodness of fit
B. economic plausibility
C. significance of independent variable
D. all of above
Answer: Option D
Solution (By Examveda Team)
Evaluation criteria of regression equation must be considered as goodness of fit, economic plausibility and significance of independent variable.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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