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?
What process is used to estimate future costs? How are engineered estimates, account analysis, and two-point methods used to estimate cost functions?
