Different cost estimations methods may produce different cost equations, even when using the same set of data.

Name: Different cost estimations methods may produce different cost equations, even when using the same set of data.
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Question

Quizplus · Accepted Answer

Different cost estimation methods, such as regression analysis, high-low method, or account analysis, use different approaches and assumptions, which can lead to different cost equations even with the same data set.

Different Cost Estimations Methods May Produce Different Cost Equations, Even