Estimating

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Estimating Methods

The five estimating methods are:

  1. 1.Algorithmic - Neural Networks or Parametric

  2. 2.Experience - Expert Judgment or Knowledge Based

  3. 3.Analogical - Case Based or Group Based

  4. 4.Synthetic, (output) - Feature Costing or Function Costing

  5. .Analytic, (input) - Generative/Analytical or Activity Based Costing


This is how they are logically related: