What Advantages Does the Regression Method of Cost Estimation Offer,compared

question 121

Essay

What advantages does the regression method of cost estimation offer,compared to the high-low and scattergraph methods of estimating mixed costs?

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Definitions:

Function Library

A collection of prewritten code organized in a software development environment, providing a set of functions or routines that perform common tasks or calculations.

Nest

To nest in computing refers to placing one or more elements, such as commands or functions, inside another element of the same type, creating a hierarchy.

IF Functions

A logical function in spreadsheets that returns one value if a condition is true and another value if the condition is false.

Logic

The study of reasoning and argumentation, or a systematic method of arriving at a conclusion based on a set of premises.