How much it will cost to lease office space in these cities based on the amount of space leased. These estimates are examples of_____

It is expensive to lease office space in cities around the world. Office space can cost approximately USD $80 per square foot in Tampa, Florida. And it can cost approximately $50,000 per square meter in Tokyo. These “averages” can help a person to determine how much it will cost to lease office space in these cities based on the amount of space leased. These estimates are examples of_____Parametric estimating involves using statistical relationships between historical data and other variables to calculate or estimate for activity parameters, such as cost, budget, or duration. The example is representative of a simple parametric model.

Question:

How much it will cost to lease office space in these cities based on the amount of space leased. These estimates are examples of_____

Options:

Variance analysis

Parametric estimating

Bottom-up estimating

Reserve analysis

Correct Answer

The Correct Answer for this Question is

Parametric estimating

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