AACE CEP Certified Estimating Professional Practice Questions - AACE Certified Estimating Professional (CEP) Exam

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An estimator scales the cost of a 100,000-bbl tank to estimate a 150,000-bbl tank using historical data and an exponent. Which estimating method is being used?

Bottom-up estimating Parametric estimating Definitive estimating Three-point (PERT) estimating

Correct Answer:

Parametric estimating

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