Estimates based on the assumption that historical data can be used as a frame of reference for current estimates are:
A)Comparative estimates.
B)Ballpark estimates.
C)Definitive estimates.
D)Feasibility estimates.

Question

Quizplus · Accepted Answer

Comparative estimates are based on historical data and are used to compare similar projects or tasks to determine an estimated cost or time frame. This assumes that the historical data can be used as a guide for current estimates, making it the best choice for this scenario. Ballpark estimates are rough estimates that don't take into account historical data or specific details, while definitive estimates are very precise and require extensive analysis. Feasibility estimates are used to assess the possibility of a project being successful, and not necessarily the cost or time frame.

Estimates Based on the Assumption That Historical Data Can Be