One advantage that regression techniques have over other cost estimation methods is it generates information that can be used to determine how well the estimated cost equation will predict future costs.

Question

Quizplus · Accepted Answer

Regression techniques provide statistical measures, such as R-squared and p-values, which help assess the accuracy and reliability of the cost predictions, allowing for evaluation of how well the model might predict future costs.

One Advantage That Regression Techniques Have Over Other Cost Estimation