Improving the regression procedure for time standards estimation
作者:
D. J. STOCKTON,
J. E. MIDDLE,
期刊:
International Journal of Production Research
(Taylor Available online 1984)
卷期:
Volume 22,
issue 1
页码: 143-148
ISSN:0020-7543
年代: 1984
DOI:10.1080/00207548408942437
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
A previous paper by the authors (Stockton and Middle 1982) examined the conditions required for using the regression technique to develop costing models of acceptable estimating accuracy. This technical note (an extension of the earlier work) proposes the use of the Average Proportional Error (E) as an improved measure of indicating the estimating accuracy of models. A modified regression procedure is then described which enables the development of estimating models to be consistent with the method of measuring their accuracy. Finally it is shown how the relative manufacturing volumes of components can be allowed to influence the estimating accuracy of cost models.
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