Which method of cost estimation does not rely primarily on historical cost data? What are the drawbacks of this method?

Question

Robert · Accepted Answer

The cost estimation data that does not primarily 
depend on historical data is the High-Low method.  
 
The disadvantages of using this method: 
 
1) Even though , the method relies on two data 
making it simple. However ,

Which method of cost estimation does not rely primarily on historical cost data? What are the drawbacks of this method?

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment