The nonstatistical method of cost estimation that calls for the creation of a scatter diagram is the:
A)least-squares regression method.
B)high-low method.
C)visual-ﬁt method.
D)account analysis method.
E)multiple regression method.

Question

Quizplus · Accepted Answer

The visual-fit method of cost estimation involves creating a scatter diagram to visually identify patterns and trends in the data. It does not involve any statistical analysis or complex calculations.

The Nonstatistical Method of Cost Estimation That Calls for the Creation