Quantitative analysis methods estimate cost functions:
A)which depend on the experience and judgment of the analyst for accuracy
B)based on analysis and opinions gathered from various departments
C)using significant amounts of historical data
D)using the pooling of knowledge from each value chain function

Question

Quizplus · Accepted Answer

Quantitative analysis methods rely heavily on historical data to estimate cost functions. This helps ensure that the analysis is objective and based on actual data, rather than relying solely on subjective opinions or judgment.

Quantitative Analysis Methods Estimate Cost Functions