Cost Estimation, High-Low Method, Regression Analysis
Please see the attached file for additional information.
The results of a simple regression analysis using all 12 data points yielded an intercept of $11,854.55 and a coefficient for the independent variable of $126.22 (R-squared = .19, t = 1.5, SE = 974).
Calculate the quarterly forecasts for 2004 using the high-low method and regression analysis. Recommend which method should be used.
This question has the following supporting file(s):
This posting contains a comparison of two forecasting methods: High-low method and Regression analysis.
This answer includes:
- Plain text
- Cited sources when necessary
- Attached file(s)
Active since 2006