The only thing worse that having to pay expenses each month is not knowing how much you are going to have to write the check for. Being able to estimate business costs accurately can help you plan for ...

Linear regression remains a cornerstone of statistical analysis, offering a framework for modelling relationships between a dependent variable and one or more independent predictors. Over the past ...

Kernel density estimation (KDE) and nonparametric methods form a cornerstone of contemporary statistical analysis. Unlike parametric approaches that assume a specific functional form for the ...

The aim of effective project management is to bring the project to completion on time and on schedule. Estimating project duration is a key function of scheduling. Individual activities make up the ...

The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...

In statistics, data collection is a difficult process that demands thoughtful consideration. Securing a sufficient sample size can be challenging, or even impossible, regardless of the method employed ...

This special report introduces small area estimation as a modern approach for producing reliable, stand-level forest ...

Researchers propose a new method to generate meteorological data that takes into account the interdependence of meteorological factors, such as temperature, humidity, and solar radiation. Due to the ...

Electric vehicles (EVs) have emerged as a promising trend for future development. Serving as the core energy source for EVs, lithium-ion batteries offer advantages. Accurate SoC estimation is vital ...

The terms Agile and estimations don't align perfectly. Agile is all about responding to change rather than following a plan, while accurate estimations require a fixed plan that doesn't change. It's a ...

MIT researchers have developed a method that generates more accurate uncertainty measures for certain types of estimation.

An ad hoc panel of nationally renowned experts in social science research, computing technology, statistical methods, privacy, and use of alternative data sources in the United States and abroad will ...