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Which estimating technique relies on historical data from similar projects to estimate costs?

2. Which estimating technique relies on historical data from similar projects to estimate costs?

1. Bottom-up estimating
2. Three-point estimating
3. Analogous estimating
4. Parametric estimating

Answer

The correct answer is: C) Analogous estimating

Explanation

Cost estimates from comparable projects are based on past data when using analogous estimation.