Describe the two assumptions used in cost estimation behavior. today. Questions are not related and should be answered separately along with the correlating question number on top and citation on the bottom. 5 references are required.

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Describe the two assumptions used in cost estimation behavior.
today. Questions are not related and should be answered separately along with the correlating question number on top and citation on the bottom. 5 references are required.

Cost ACCT

Q1

Describe the two assumptions used in cost estimation behavior. Give an example of one of the assumptions.

Q2

Question…with so much data to analyze and use, how important is precision in the collection of data? Anyone?

Q3

Hello everyone! I found the below linked article about estimating health care costs and thought it would be a good example to discuss in class! As you read this article on insurance companies’ attempt to identify costs in an effort to ease their cost estimation, think about whether the cost drivers presented are suitable or if other cost drivers would be more adequate, given the industry. Please post your thoughts:-) Anyone?

 

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