UntitledCOURSE 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