Review the Following Report of the Results of a Simple

question 127

Essay

Review the following report of the results of a simple regression program for cost estimation.

Required:
a. What is the cost estimation equation according to the report?
b. What is the goodness of fit? What does it tell about the estimating equation?

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Definitions:

Generalization

Drawing broad conclusions from specific instances; in psychology, it refers to the process of applying findings from a study to larger population segments.

Flooding

A psychological technique used in therapy to help individuals face their fears by exposing them to high levels of emotional stimuli.

Systematic Desensitization

A therapeutic method used to reduce phobia or anxiety through gradual exposure to the feared object or situation combined with relaxation techniques.

Generalized

refers to a concept or phenomenon that is made broad and not limited to specific instances, often forming general statements or theories based on observations.