In the field of statistics regression analysis uses the techniques of modeling and analyzing multiple variables focusing on the relationships between dependent and independent variables helping the analyst to understand how the change of criterion in one independent variable affects the criterion of other dependent variables. 1introduction 11 topic chosen and its context in my research and analysis project the topic chosen by me is an analysis of the financial situation of your choice of organisation. In this essay we will discuss about standard cost and standard costing after reading this essay you will learn about: 1 standard costing 2 objective of standard costing 3advantages 4limitations 5computation 6 analysis of variances.
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