Advantages of high-low method
(i). Method is easy to use
(ii). Not many data are needed
(iii). Visually it gives the general direction of the trend
Disadvantages
(i). Choice of the high and low points is subjective
(ii). Method does not use all available data
(iii). Cannot be used for more than one independent variable
(iv). Not possible to defend the results statistically
(v). If the two points are outliers, the predictive equation will be wrong.
(vi). Method may not be reliable
marto answered the question on February 15, 2019 at 08:54
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February 15, 2019
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February 15, 2019
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Date posted:
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