90.2K
Verified Solution
Link Copied!
What does the mathematically determined line produced by a regression program represent?
a. The best fitting relationship between the dependent and independent variable when the data points are plotted in a scattergraph
b. A non-mathematical approximation of the relationship between fixed and variable costs in high/low analysis
c. A maximum variance between the dependent and independent variable when the data points are plotted in a scattergraph
d. An approximate relationship between the dependent and independent variable in high/low analysis
Answer & Explanation
Solved by verified expert