Which cost estimation method uses a formal mathematical method to develop cost functions based on past data?
A)The account analysis method
B)The conference method
C)The industrial engineering method
D)The quantitative analysis method

Question

Quizplus · Accepted Answer

The quantitative analysis method uses formal mathematical techniques to forecast future costs based on historical data, making it the correct choice for developing cost functions based on past data.

Which Cost Estimation Method Uses a Formal Mathematical Method to Develop