When using cost estimation methods based on past data, what are the trade-offs between gathering more data

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When using cost estimation methods based on past data, what are the trade-offs between gathering more data and gathering less?

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Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Question Posted: Apr 25, 2012 07:59 AM

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When using cost estimation methods based on past data, what are the trade-offs between gathering more data and gathering less?
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When using cost estimation methods based on past data, what are the trade-offs between gathering more data

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The longer the data series used in the analysis the easier it i...View the full answer

Fundamentals of Cost Accounting

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