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A project manager begins the estimating process for a new project. Since the project manager knows that a similar project was completed 18 months ago, what type of estimating should they use?
Correct Answer: A
Explanation parametric estimation uses historical data to calculate cost; however, it uses statistical data. It takes variables from similar projects and applies them to the current one. https://pmstudycircle.com/2012/06/4-tools-to-estimate-costs-in-the-project-management/