For purpose of forecasting line is drawn on scattegraph, what does intersection of line of best fit on vertica axis represent?
1. Total variable cost
2. Total fixed cost
Y=a+bx
a is intercept on yaxis hence line represents total fixed cost? Is that correct
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Line of best fit
4y ago#1Again, why on earth are you attempting questions for which you do not have answers?
You are correct, but watch my free lectures where I explain this!
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