Which Estimating Technique Uses Historical Data from a Similar Project

question 13

Multiple Choice

Which estimating technique uses historical data from a similar project as a starting point for creating a time or cost estimate?

• A) analogous estimating
• B) parametric estimating
• C) bottom-up estimating
• D) Monte Carlo estimating

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Definitions:

Gift

A voluntary transfer of property or funds from one person to another without receiving anything in return, or at least without expecting a return equal to the value of the gift.

Short-Term Capital Loss

A financial loss realized on the sale of securities or assets held for one year or less, which can be used to offset capital gains for tax purposes.

Long-Term Capital Gain

The profit from the sale of an asset held for more than a year, generally taxed at a lower rate than short-term gains.

AGI

Adjusted Gross Income, the total income minus specific deductions, serving as a basis for calculating taxable income and certain tax credits.