Question

The three methods outlined in are the scattergraph method, the high-low method, and the method of least squares (regression).

For this discussion, I'd like you to tell me which method you think is most practical for use in "the real world" for purposes of estimating and budgeting for future costs. Is there a method that might be more objective but might end up being less reliable? Why might this be? Alternatively, is there or should there be room for subjectivity in estimating future mixed costs?

Answer 1

answer:

• The strategy for least squares (relapse) is most functional for use in "this present reality" for motivations behind evaluating and planning for future expenses.
• Truly, there is a technique that is more target however winds up being less solid and it is High-Low strategy.
• the There ought to be space for subjectivity in assessing future blended expenses since it may be founded on the opposition or value rise or swelling which is abstract in nature.