Vidyalelo
Commerce · Q465

Costing

Graduate and Post Graduate · Commerce · question 465

Q465

Worse fit between estimated cost and actual observations is shown on regression line with

A.
larger residual terms
Answer
B.
zero residual terms
C.
variable residual terms
D.
smaller residual terms

Answer: Option A

Solution

Answer: Option A
Solution:
Worse fit between estimated cost and actual observations is shown on regression line with larger residual terms.