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Question

What is the purpose of applying statistical techniques like regression analysis to a given set of project data in algorithmic models?

a.

To determine the parameters of the model

b.

To yield an estimate and a confidence interval

c.

To analyze the sensitivity of an estimate to varying values of relevant attributes

d.

All of the above

Answer: (d).All of the above Explanation:Algorithmic models usually result from applying statistical techniques like regression analysis to a given set of project data. For a new project, the parameters of the model have to be determined, and the model yields an estimate and, in some cases, a confidence interval.

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Q. What is the purpose of applying statistical techniques like regression analysis to a given set of project data in algorithmic models?

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