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When using the parametric technique to estimate project costs, you will use the cost estimating relationship (CER). Which of the following best describes the CER?

When using the parametric technique to estimate project costs, you will use the cost estimating relationship (CER). Which of the following best describes the CER? O Calculation to determine the time-value of the money allocated to the project O Comparison ratio of the total estimated project costs and the final costs of a related project O Equation to determine the exact quantity and related cost of the required products or services O based on the relationship between known data points and the characteristics of a product

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