What is STATISTICAL COST ESTIMATING?

Using technical or physical features and their relationship to cost data calculated from analyzing historical costs.

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Related Legal Terms
STATISTICAL COST, EMPIRICAL COST ESTIMATING, PARAMETRIC COST ESTIMATING, COMPARATIVE COST ESTIMATING, ROUNDTABLE COST ESTIMATING, RATIONAL COST ESTIMATING, ESTIMATING SYSTEM, STATISTICAL INFERENCE, ESTIMATING METHODOLOGY, STATISTICAL SIGNIFICANCE


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