March 17 task 1.4 Linear Regression y = a+bx

Holliek
Holliek Registered Posts: 2
in Management Accounting: Decisions and Control
could someone explain the y = a +bx methodology to me? Both tasks question 4 have the same question with different figures

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  • luciedriver
    luciedriver Registered Posts: 32
    A = Fixed Element
    B = Variable Element

    So it's purely the high / low method to get the answer.. try it out

    Hope this helps :)

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