A REGRESSION ANALYSIS PROCEDURE FOR ESTIMATING COSTS FROM SMALL SAMPLES.

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Abstract:

A detailed procedure for determining a cost estimating relationship is described in detail which can be followed by someone with limited statistical background and can be computed on a standard desk calculator. The model is a linear equation of one or two independent variables and describes the dependent variable as increasing at a constant, increasing, or decreasing rate as the causative characteristic increases. The latter two cases are accomplished by transformations. Included are procedures for validating the resulting equation and a discussion of its limitations. Author

Author(s):
Faber, Conrad W.
Author Organization(s):
ARMY WEAPONS COMMAND ROCK ISLAND ILL COST ANALYSIS OFFICE
Descriptive Note:
Technical rept.,
Pagination:
0048

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release

RECORD

Collection: TR
Identifying Numbers
Report Number(s):
AMSWE-CPD-69-23
 Subject Terms
Communities of Interest:
No COI(s) Identified
Descriptor(s):
(*COSTS, MATHEMATICAL PREDICTION), (*REGRESSION ANALYSIS, SAMPLING), CONFIDENCE LIMITS, DECISION THEORY, GRAPHICS
Field(s)/Group(s):
Economics and Cost Analysis, Statistics and Probability
Keyword(s):
COST ESTIMATES, COST ANALYSIS
Report Date:
1969 Jun 01