SCATTERGRAPH METHOD
Scattergraph Method is used to estimate and budget for future costs. It employs the use of visual techniques on semi-variable expense also known as a mixed expenses to segregate the fixed and variable elements. The scattergraph is presented in a form of a geometric plane or graph where the x-axis or the horizontal line is the production activity while the y-axis or the vertical line is the cost. The plotted data will show dots on the graph that will show a regression line depicting the relationship between the mentioned variables.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
