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Laura Is Forecasting the Time and Cost of Developing an Intranet

question 99

Multiple Choice

Laura is forecasting the time and cost of developing an intranet for a new customer.Her department has completed six such intranets for customers during the last two years.Although the proposed system is about the same size as the others, she estimates that it will take about 10 percent less time and money.Which of the following methods is she using?


Definitions:

First-Order Linear Model

A statistical model that describes a linear relationship between two variables using a straight line, which is the first degree of the model.

Simple Linear Regression

A statistical method that models the relationship between two variables by fitting a linear equation to observed data, with one acting as an independent variable and the other as a dependent variable.

Regression Line

A line that best fits a set of data points, representing the average relationship between an independent variable and a dependent variable.

Sum Of The Squared Residuals

The total value obtained by summing the squares of the differences between observed and predicted values, used in statistical analysis to measure the fit of a model.

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