Army Cost Analysis Position (ACAP) Certification

What is a 'Cost Estimating Relationship (CER)' and what data is required to develop one?

A mathematical equation relating cost to one or more technical or program parameters, developed using regression analysis of historical cost and technical data A contractual relationship defining how contractor costs will be reimbursed A factor converting engineering estimates to contractor bid prices A lookup table of historical unit costs organized by system type

Correct Answer:

A mathematical equation relating cost to one or more technical or program parameters, developed using regression analysis of historical cost and technical data

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