COURSE LENGTH:2 Days (8:30am - 4:30pm)

OBJECTIVE: This hands on two-day class takes you through the entire process of developing Cost Estimating Relationships, from raw data to a validated CER.You will learn how to apply the power of data analytics to expertly perform regression; this entails learning about data collection, validation, normalization, generating and validating a CER, and characterizing the uncertainty.You will dive into the process of running a regression analysis and learn different regression methods.Get hands on use of ACEIT’s CO$TAT to perform quick and powerful data analytics. This class is for any analyst interested in gaining a strong foundation in regression analysis. You won’t just view the results, you will understand the results!

Module 1 – The Data

Module 2 – Relationships Within the Data

Module 3 – CER Hypothesis

Module 4 – Errors and Residuals

Module 5 – Regression – Ordinary Least Squares (OLS)

Module 6 – Regression – Beyond OLS

Module 7 – Validate

Module 8 – Assess Quality

Module 9 – Characterize Uncertainty

Module 10 – Documenting the CER Process