Which Estimating Technique Uses a Statistical Relationship Between Historical Data

question 8

Multiple Choice

Which estimating technique uses a statistical relationship between historical data and other variables to calculate project costs?

• A) empirical estimating
• B) parametric estimating
• C) grass roots estimating
• D) analogous estimating

---

Definitions:

Doing Business

Engaging in activities that generate revenue or provide services in exchange for monetary compensation.

Peoria

A reference often used metaphorically to mean the average American city or the general opinion of mainstream America.

Public Service Announcement

A message broadcasted to the public to inform or educate about an issue of public interest, often sponsored by a government or nonprofit organization.

Public Welfare Issues

Social concerns and problems that affect the general well-being and health of the population, often addressed by government policies and programs.