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Over 10 periods your estimate and actual budgets are presented below
Over 10 periods your estimate and actual budgets are presented below. You are trying to determine whether the error in your estimates is a random error or a systematic error. Use tracking signal to calculate a measure of your bias in cost estimation. 2 4 9 Period Estimate Actual 1 250 245 70 80 3 355 430 130 160 5 160 170 6 50 73 7 80 70 8 60 50 150 155 10 105 110
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