Statement: The parametric method of cost estimating can be combined with the analogy method.

Name: Statement: The parametric method of cost estimating can be combined with the analogy method.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The parametric method, which uses statistical relationships between historical data and other variables, can indeed be combined with the analogy method, which estimates costs based on similar past projects, to improve the accuracy and reliability of cost estimates.

Statement: the Parametric Method of Cost Estimating Can Be Combined