ACEIT for CER Developers: CO$TAT
A course for CO$TAT, designed for analysts to develop estimating equations and add them to estimates.
Includes: CO$TAT, Inflation Utility, and ACE
Training Formats:
Open Training
Self-Paced
Onsite Training
Description:
A course for CO$TAT, designed for analysts to develop estimating equations and add them to estimates. This course takes the student from raw data to a validated Cost Estimating Relationships (CER). Learn to create high quality, well documented CERs and add them to your ACE session.
- Gather and understand your data
- Normalize a data set
- Format your data into a CO$TAT dataset
- Run a Univariate analysis
- Decide what variables drive cost
- Measure correlation between variables
- View relationships between potential drivers
- Run Ordinary Least Squares (OLS) Regression
- Define and understand errors and residuals
- Learn when to move beyond OLS
- Run Weighted Least Squares (WLS)
- Run Non-Linear Least Squares (NLS)
- Run Minimum Unbiased Percentage Error (MUPE)
- Create a learning curve
- Use the Distribution Finder
- Generate analysis reports
- Review outlier analysis
- Assess the quality of a CER
- Compare the results of various CERs
- Generate a prediction interval
- Document the CER
- Export the CER to ACE
Successful students should already have a working knowledge of statistics. This course focuses on how to use ACEIT and does not teach underlying cost estimating principles.
Module 1: CO$TAT Dataset
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: Learning
Module 8: Distribution Finder and Beta Curves
Module 9: Validate
Module 10: Assess Quality
Module 11: Characterize Uncertainty
Module 12: Documentation and Export
Open Training
- In-person classes taught by ACEIT Certified Instructors.
- Classes are held in the Washington DC area unless otherwise indicated.
- Classes runs for 2 consecutive days (8:30 am – 4:30 pm) on location.
- Hardcopy Training Manual.
- Electronic Starting and Results files.
Self-Paced
- Designed to allow you to learn at your own pace.
- Instructional Videos accessed online through the Media Center.
- Includes up to 4 remote tutoring hours with an ACEIT Certified Instructor.
- Hardcopy Training Manual.
- Electronic Starting and Results Files.
Onsite Training
- In-person classes taught by ACEIT Certified Instructors.
- Economical option for 5 or more students at your organization.
- Classes on 2 consecutive days at your location or virtual available.
- Hardcopy Training Manual.
- Electronic Starting and Results Files.
Upcoming Courses
Interested in tutoring services?
This course can be taught at your location. To request an onsite training quote, submit a request.
Don’t see a class you’re looking for or need additional information?
Contact the ACEIT Training Coordinator
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