How to Run Regression Analysis in Microsoft Excel
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How to Run Regression Analysis in Microsoft Excel
Regression analysis can be very helpful for analyzing large amounts of data and making forecasts and predictions. To run regression analysis in Microsoft Excel, follow these instructions. If your version of Excel displays the ribbon (Home,...
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An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. Consider the following sample of pro- duction volumes and total cost data for a manufacturing operation. Production Volume (units) Total cos t(S) 400 4000 450 50
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