When calibrating an estimation model- you should try to find a realist.docx

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When calibrating an estimation model, you should try to find a realistic set of parameters for the model that produces acceptably small variations between estimated values and actual values for completed projects. a. What is an â€œacceptably smallâ€ variation? b. What is the meaning of â€œa realistic set of parameters?â€ Solution a) If the values has absolute uniform values (uniformly distributed) so that there will be slight changes between values, then it is considered as acceptably small variation. ------------------------------------------------------------------------------------------------------------------------------------------------------------- b) Realistic set of parametres are considered as values which has specific bound to calculate. eg: count of stars is not realistic parameter.. since they are infinite 10 pens is realistic parameter. .

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