Need help with the fallowing managerial accountingquestion.Thank youImagine you are responsible for explaining cost estimation techniques and subsequent uses of cost information to team members outside of your department. How would you describe their interrelationship? Include charts, external references, etc. as appropriate. English (US) Parametric: The parametric technique uses regression or other statistical methods to develop Cost Estimating ons indicating the exact nature and class of materials to be used at which the different items of work are carried out. 149% s estimator to take out the quantities accurately, the drawings must themselves be clear, to the fact and scale, complete, and fully dimensio also to bear in mind certain principles of takina out auantities, true st Estimatio ppt materiala o6-04109 (1) pdf materials-o6-04109.pdf Show transcribed image text Imagine you are responsible for explaining cost estimation techniques and subsequent uses of cost information to team members outside of your department. How would you describe their interrelationship? Include charts, external references, etc. as appropriate. English (US) Parametric: The parametric technique uses regression or other statistical methods to develop Cost Estimating ons indicating the exact nature and class of materials to be used at which the different items of work are carried out. 149% s estimator to take out the quantities accurately, the drawings must themselves be clear, to the fact and scale, complete, and fully dimensio also to bear in mind certain principles of takina out auantities, true st Estimatio ppt materiala o6-04109 (1) pdf materials-o6-04109.pdf
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