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estimation theory
(redirected from Parametric Estimating)

   Also found in: Wikipedia 0.01 sec.
estimation theory [‚es·tə′mā·shən ‚thē·ə·rē]
(statistics)
A branch of probability and statistics concerned with deriving information about properties of random variables, stochastic processes, and systems based on observed samples.


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In today's acquisition environment of doing more with less, parametric estimating has become a common tool for the cost analyst.
Other applications such as timeTRAK, an entry level time tracking application, and bidTRAK designer, a stand alone parametric estimating solution are also available.
amp; FORT WORTH, Texas--(BUSINESS WIRE)--July 22, 2003 Galorath Incorporated, the leading provider of advanced modeling tools to estimate, plan and control projects, and Lockheed Martin Aeronautics Company, today announced Lockheed Martin Aeronautics Company has made Galorath's SEER Suite of parametric estimating tools available at all its locations.
 
 
 
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