Estimation Technique Sample Clauses
The Estimation Technique clause defines the method or process by which project costs, timelines, or resource requirements are calculated. Typically, this clause specifies the estimation models or standards to be used, such as analogous, parametric, or bottom-up estimation, and may outline the data sources or assumptions that must be considered. Its core practical function is to ensure consistency and transparency in how estimates are developed, reducing misunderstandings and disputes over project expectations or deliverables.
Estimation Technique. To determine the most suitable method of analyzing data, this study began with the stationary test of each of the research variables by employing ▇▇▇▇▇▇▇-▇▇▇▇▇▇ approach to establish their order of Integration. The stationary test revealed mixture of order I(0) and I(1) integration and this suggested the adoption of Autoregressive Distributed Lags Model as the appropriate data analysis technique following the work of ▇▇▇▇ and ▇▇▇▇▇ (2001). This model is beneficial as it can be applied on a time series data whether or not the variables are of order zero or one.