Ask Question
28 October, 01:15

Which estimating technique uses a statistical relationship between historical data and other variables (e. g., square footage in construction, lines of code in software development) to calculate an estimate for scope, cost and duration?

+4
Answers (1)
  1. 28 October, 03:35
    0
    Parametric estimating

    Explanation:

    It is a calculation technique in which an algorithm is used to calculate the cost or duration based on historical data and project parameters.

    The parametric estimation uses a statistical relationship between historical data and other variables (eg, square meters of construction) to calculate a variable of the parameters of an activity such as cost, budget and duration.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which estimating technique uses a statistical relationship between historical data and other variables (e. g., square footage in ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers