Disadvantages and advantages of using a separate statistical method in management accounting

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dc.contributor.authorJikia, Merab
dc.date.accessioned2024-01-23T08:04:36Z
dc.date.available2024-01-23T08:04:36Z
dc.date.issued2023
dc.description.abstractAdvantages of simple linear regression analysis are as follows:  Easy to use;  Considers the main relationship between two sets of data;  Can be used to prepare forecasts and budgets;  Simplifies the budgeting process. Limitations of simple linear regression analysis are as follows:  It assumes that there is a linear relationship between the variables;  The relationship between only two variables is evaluated. In fact, the dependent variable is influenced by many other independent variables;  Tendonously, only interpolation predictions are reliable. Equation should not be used for extrapolation;  Regression analysis assumes that the historical behavior of data in the past will continue in the near future too;  Interpolation forecast is reliable between data, only in case of strong correlation.
dc.identifier.citationConference Proceedings: "The World Economy in the Post-Pandemic Period: Implications and Challenges", Tbilisi, 2023, pp. 355-364
dc.identifier.isbn978-9941-36-111-1
dc.identifier.urihttps://dspace.tsu.ge/handle/123456789/2373
dc.language.isoother
dc.publisherIvane Javakhishvili Tbilisi State University Press
dc.titleDisadvantages and advantages of using a separate statistical method in management accounting
dc.typeArticle
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