Hey!

Can u please explain how these 2 alternative estimation methods work::

1) high-low method
2) linear regression

And can u also please give a brief description of how each estimate methods works.. along with each of their advantage's and disadvantages.

Thank you! :)

hey!!

can u please explain how these 2 alternative estimation methods work::

1) high-low method
2) linear regression

and can u also please give a brief description of how each estimate methods works..along with each of their advantage's and disadvantages.

Thankyou!!:)

I am also a student but I know the answer on the first one. High-low method is the use of the highest unit & value and the lowest unit & value along the relevant range. It is the easiest method to use but the least accurate. It is used to determined the variable cost & the fixed cost in a mixed cost. That's a short description of the 1st method.

Chu, the thread is several months old. If you've been going down to the "similar" questions at the bottom of the page, it includes some very old stuff so you have to watch the dates.