1445. First step in estimation of cost function by using quantitative analysis is to

choose price estimation method
choose dependent variable
choose independent variable
choose cost estimation method
✅ The correct answer is B.
First step in estimation of cost function by using quantitative analysis is to choose dependent variable. A dependent variable is what you measure in the experiment and what is affected during the experiment. The dependent variable responds to the independent variable. It is called dependent because it “depends” on the independent variable.

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