APPLICATION OF REGRESSION ANALYSIS TO HARDWARE COST ESTIMATION

Abstract

The report presents an example of regression analysis which illustrates the major judgmental considerations in the development of a cost estimating relationship. The example used is the development of hardware costs of turbine aircraft engines. The methodology discussed is most useful for 'quick reaction' studies and has been used by Headquarters, US Army Materiel Command for this purpose. Particular points discussed are: scatter diagrams, net scatter diagrams, causal requirements, combinations of variables, and sample selection.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1968
Accession Number
AD0681234

Entities

People

  • James T. Wormley
  • John L. Hamilton

Organizations

  • United States Army Materiel Command

Tags

Communities of Interest

  • Air Platforms

DTIC Thesaurus Topics

  • Access Time
  • Air Force
  • Aircraft Engines
  • Aircrafts
  • Contractors
  • Cost Analysis
  • Cost Estimates
  • Costs
  • Databases
  • Engineering
  • Engines
  • Equations
  • Horsepower
  • Regression Analysis
  • Revolutions
  • Square Roots
  • Visual Inspection

Readers

  • Aerospace Engineering
  • Life Cycle Cost Analysis
  • Regression Analysis.