Lessons Learned in Developing Cost Estimating Relationships

@inproceedings{AbuAbed2016LessonsLI,
  title={Lessons Learned in Developing Cost Estimating Relationships},
  author={Hisham Abu-Abed and Dr. Xiuzhan Guo and Robert Martin Kok and P C Lindsay and Joel Tousignant-Barnes},
  year={2016}
}
  • Hisham Abu-Abed, Dr. Xiuzhan Guo, +2 authors Joel Tousignant-Barnes
  • Published 2016
Typically, cost estimating models are probabilistic in nature as their objectives are to make statements about uncertain costs in the future. The uncertain item in the estimate can be viewed as a random variable and it is desirable to estimate certain aspects of the conditional distribution of the variable. A cost estimating relationship (CER) aims to describe the relationships between the dependent variable and cost variables or drivers while a correlation coefficient between cost variables… CONTINUE READING

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