Cost estimation includes all of the following steps except:
A) Defining the cost object for which the related costs are to be estimated.
B) Determining the cost drivers.
C) Graphing the data.
D) Selecting and employing the appropriate estimation method.
E) Calculating the multiple regression coefficient.

Question

Quizplus · Accepted Answer

Calculating the multiple regression coefficient is not a standard step in cost estimation. It is a specific statistical technique used within certain estimation methods, but not a general step applicable to all cost estimation processes.

Cost Estimation Includes All of the Following Steps Except