Least-squares regression is a reliable method of cost estimation.

Question

Quizplus · Accepted Answer

Least-squares regression is a statistical method that aims to find the best-fit line or curve that can be used to predict the value of a dependent variable based on the value of one or more independent variables. It is commonly used in cost estimation as it provides a reliable and accurate way of predicting costs based on historical data. Therefore, the statement is true.

Least-Squares Regression Is a Reliable Method of Cost Estimation