Question

uses project characteristics in a mathematical model to estimate project costs. a. Rough order of magnitude estimating b. Bottom-up estimating c. Analogous estimating d. Parametric estimating

Answer 1

The correct answer is letter "E": Parametric estimating.

Step-by-step explanation:

Parametric costs estimating allows companies to estimate future expenditures based on activities the firm incurred in the past. The approach uses mathematical equations and statistic methods to support the predictions. In the process, variables -called parameters for the approach- are the reference for both mathematical calculation and statistic analysis.