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How are engineered estimates, account analysis, and two-point methods used to estimate cost functions?

The Cost Function

 

  • Q1: What are the different ways to describe cost behavior?
  • Q2: What process is used to estimate future costs?
  • Q3: How are engineered estimates, account analysis, and

two-point methods used to estimate cost functions?

  • Q4: How does a scatter plot assist with categorizing a cost?
  • Q5: How is regression analysis used to estimate a cost

function?

  • Q6: How are cost estimates used in decision making?