The Least-Squares Method, often referred to as the least method, is a statistical technique used in accounting to determine the line of best fit by minimizing the sum of the squares of the vertical deviations from each data point to the line. This method is instrumental in cost accounting for estimating cost behavior and forecasting financial trends.
Get Your FREE Exam Secrets Cheat Sheet!
Plus a 3-Part CMA Video Course
82,000+ accounting and finance pros got their free CMA cheat sheet.
Get yours too, today!