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Chapter Objectives
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After studying this chapter, you should be able to . . .
Understand the strategic role of cost estimation
Understand the six steps of cost estimation
Use each of the cost estimation methods: the high-low method, work measurement, and regression analysis
Explain the data requirements and implementation problems of the cost estimation methods
(Appendix) Use learning curves in cost estimation when learning is present
(Appendix) Use statistical measures to evaluate a regression analysis







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