Costing MCQs
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Question 433hard
An estimation of relationship between one independent variable and dependent variable is known as
Question 434hard
Goodness of fit predicted values is also known as
Question 435hard
Factor used to predict dependent variable is named as
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Question 436hard
In regression analysis, if observed cost value is 62 and predicted cost value is 29, then disturbance term would be
Question 437hard
An amount by which total cost changes with respect to change in level of activity is classified as
Question 438hard
An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as
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Question 439hard
Most frequently used methods of quantitative analysis include
Question 440hard
If residual error is 25 and predicted cost value is 50, then observed cost value would be
Question 441hard
In multicollinearity, correlation coefficient between two independent variables must be greater than