The Cost Function
- Q1: What are the different ways to describe cost behavior?
- Q2: What process is used to estimate future costs?
- Q3: How are engineered estimates, account analysis, and
two-point methods used to estimate cost functions?
- Q4: How does a scatter plot assist with categorizing a cost?
- Q5: How is regression analysis used to estimate a cost
function?
- Q6: How are cost estimates used in decision making?
