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1. Is construction-cost estimating more concerned with empirical evidence or with theoretical data? Illustrate both. 2. If the construction estimator is confident in past data,

1. Is construction-cost estimating more concerned with empirical evidence or with theoretical data? Illustrate both.

2. If the construction estimator is confident in past data, then would the smoothing constant be large or small?

3. Define a cost index.

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