Tag Archives | Statistics

Regression Analysis | Statistics

After having established the fact that two variables are closely related we may be interested in estimating the value of one variable given the value of another. Regression is the measure of the average relationship between two or more variables in terms of the original units of the data. Several costs such as electricity charges, maintenance etc. vary with the [...]

By |2016-12-12T08:06:18+00:00December 12, 2016|Cost Accounting|Comments Off on Regression Analysis | Statistics

Coefficient of Correlation (With Diagram)

In this article we will discuss about the coefficient of correlation. A cost line, and thus cost behaviour pattern can be established using the various methods above from any set of data. Whether the values obtained for unit variable cost and total fixed cost are of practical use depends upon whether there is a clear causal relationship and sufficient evidence [...]

By |2016-12-12T08:06:18+00:00December 12, 2016|Cost Accounting|Comments Off on Coefficient of Correlation (With Diagram)
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