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Construction estimating software. Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.
Approximate Bayesian computation ( ABC) constitutes a class of computational methods rooted in Bayesian statistics that can be used to estimate the posterior distributions of model parameters. In all model-based statistical inference, the likelihood function is of central importance, since it expresses the probability of the observed data under ...
Earth mover's distance. In computer science, the earth mover's distance ( EMD) [ 1] is a measure of dissimilarity between two frequency distributions, densities, or measures, over a metric space D . Informally, if the distributions are interpreted as two different ways of piling up earth (dirt) over D, the EMD captures the minimum cost of ...
Research the cost of moving companies or trucks in your area to estimate your total moving costs. Next, divide the cost by the number of months until your move. For example, if your estimated cost ...
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.
Linear trend estimation is a statistical technique used to analyze data patterns. Data patterns, or trends, occur when the information gathered, tends to increase or decrease over time, or is influenced by changes in an external factor. Linear trend estimation essentially creates a straight line on a graph of data that models the general ...
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