Answer:
Step-by-step explanation:
Analogous estimating, also known as top-down estimating, involves using historical data from similar projects to estimate the cost or duration of a new project. This method requires less detailed information and can be done quickly, but it may not be as accurate as other methods.
On the other hand, parametric estimating involves using statistical data and mathematical models to estimate costs or other project parameters based on specific project characteristics, such as size, complexity, or other measurable factors. This method may require more information and time to develop the necessary models, but it can result in more accurate estimates.
Therefore, the statement "Parametric estimating requires less information and time than analogous estimating" is false.