Place the following steps in order for estimating a cost function using quantitative analysis:
A)D C A B
B)C D A B
C)A D C B
D)D C B A

Question

Place the following steps in order for estimating a cost function using quantitative analysis: 
A)D C A B 
B)C D A B 
C)A D C B 
D)D C B A

Quizplus · Accepted Answer

The correct order for estimating a cost function using quantitative analysis is:
C) Define the dependent variable
D) Collect data on the independent variable and the dependent variable
A) Choose the functional form
B) Estimate the parameters
Therefore, the correct order is B)C D A B

Place the Following Steps in Order for Estimating a Cost