Independent variable
Revision as of 14:04, 10 July 2020 by QiratH (talk | contribs) (Created page with "Independent variable is level of activity or cost driver used to predict the dependent variable (costs) in a cost estimation or prediction model. ==Definitions== Accordin...")
Independent variable is level of activity or cost driver used to predict the dependent variable (costs) in a cost estimation or prediction model.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Independent variable. Level of activity or cost driver used to predict the dependent variable (costs) in a cost estimation or prediction model.
