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LO 1
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Understand the reasons for estimating fixed and variable costs.
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LO 2
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Estimate costs using engineering estimates.
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LO 3
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Estimate costs using account analysis.
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LO 4
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Estimate costs using statistical analysis.
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LO 5
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Interpret the results of regression output.
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LO 6
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Identify potential problems with regression data.
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LO 7
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Evaluate the advantages and disadvantages of alternative cost estimation methods.
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LO 8
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(Appendix A) Use Microsoft Excel to perform a regression analysis.
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LO 9
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(Appendix B) Understand the mathematical relationship describing the learning phenomenon.
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