Which cost estimation method uses a formal statistical method such as regression analysis to develop cost functions based on past data?
A) the cash accounting method
B) the conference method
C) the accrual accounting method
D) the quantitative analysis method

Question

Quizplus · Accepted Answer

The quantitative analysis method uses statistical methods to develop cost functions based on past data. The other options are different methods of accounting and do not involve statistical analysis for cost estimation.

Which Cost Estimation Method Uses a Formal Statistical Method Such