Home » Costing » Most frequently used methods of quantitative analysis include
variable equation
high low method
low high method
constant equation
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The correct answer is: A. variable equation
A variable equation is a mathematical equation that contains one or more variables. Variables are letters or symbols that represent unknown quantities. In quantitative analysis, variable equations are used
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to model relationships between different variables. For example, a variable equation might be used to model the relationship between the price of a product and the quantity of the product that is sold.
The high-low method and the low-high method are both methods of linear regression. Linear regression is a statistical method that is used to fit a straight line to a set of data points. The high-low method and the low-high method are both used to estimate the slope of the line of best fit. The slope of the line of best fit is a measure of the strength of the relationship between the two variables.
A constant equation is an equation that does not contain any variables. Constant equations are used to model relationships between two or more constants. For example, a constant equation might be used to model the relationship between the number of hours that a student studies and the student’s grade on a test.
In conclusion, the most frequently used methods of quantitative analysis include variable equations. Variable equations are used to model relationships between different variables. The high-low method and the low-high method are both methods of linear regression, which is a statistical method that is used to fit a straight line to a set of data points. A constant equation is an equation that does not contain any variables.