20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Forecasting

This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
September 23, 2021 at 9:59 pm #636392
James124
Participant
- Topics: 166
- Replies: 138
Tutor John Moffat,
Linear regression method has a advantage of “It simplies the budgeting process”.
I am unable to catch the concept.
September 24, 2021 at 7:58 am #636402
John Moffat
Keymaster
- Topics: 57
- Replies: 54699
If we have an equation giving the total cost for the level of production (using regression analysis) then it makes budgeting simpler because once we have budgeted how many units will be produced then the equation will give us the budget for the total costs.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.