Which tool uses an algorithm based on historical data to calculate cost?
Which tool uses an algorithm based on historical data to calculate cost?
Parametric estimating uses an algorithm based on historical data and project parameters to calculate cost. It relies on statistical relationships between historical data and other variables to determine the cost or duration of future activities. Therefore, parametric estimating is the most appropriate tool for calculating cost based on historical data.
A -Parametric Estimating
The correct answer is D: Analogous Estimating
A is the correct answer
The correct answer is A.
There is no mention of using project parameters in the question, it only stated historical data. Thus, D is the answer.
nothing was said about similarity so D can't be correct