Calibrating Parametric Estimation Models
Parametric Estimation models express output as a function of input, so for example expressing the cost of undertaking a project when expressed as a function of several variables is an example of an estimation model that uses parameters. Such models use data from some source to generate the coefficients. If such models are used to predict the output variable in question using a linear /non linear equation, then the data used to train the estimation model to yield the coefficients Read More
