The process of using past cost information to predict future costs is called cost estimation. While many methods are used for cost estimation, the least-squares regression method of cost estimation is ...

Learn how to calculate reproduction costs to estimate expenses for identically reproducing assets or properties using four main methods and tips for accuracy.

The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...

Construction costs for large construction projects are usually forecast before any work commences. Private and public construction clients prefer to know the detailed costs of a project, and their ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...