{"id":39320,"date":"2024-04-26T23:04:54","date_gmt":"2024-04-26T23:04:54","guid":{"rendered":"http:\/\/localhost\/branding\/estimation-analysis\/"},"modified":"2024-04-26T23:04:54","modified_gmt":"2024-04-26T23:04:54","slug":"estimation-analysis","status":"publish","type":"post","link":"https:\/\/sheilathewriter.com\/blog\/estimation-analysis\/","title":{"rendered":"Estimation Analysis"},"content":{"rendered":"<p>Estimation Analysis<\/p>\n<p>Name<\/p>\n<p>Affiliation<\/p>\n<p>Question 1<\/p>\n<p>Correlations<\/p>\n<p>Estimated cost (000) Work days Contract value (000) No of bidders Ratio of success<\/p>\n<p>Estimated cost (000) Pearson Correlation 1 .626** .949** .176 -.248<\/p>\n<p>Sig. (2-tailed) .000 .000 .311 .157<\/p>\n<p>N 35 35 35 35 34<\/p>\n<p>Work days Pearson Correlation .626** 1 .628** -.076 -.197<\/p>\n<p>Sig. (2-tailed) .000 .000 .666 .264<\/p>\n<p>N 35 35 35 35 34<\/p>\n<p>Contract value (000) Pearson Correlation .949** .628** 1 .222 -.284<\/p>\n<p>Sig. (2-tailed) .000 .000 .199 .103<\/p>\n<p>N 35 35 35 35 34<\/p>\n<p>No of bidders Pearson Correlation .176 -.076 .222 1 -.494**<\/p>\n<p>Sig. (2-tailed) .311 .666 .199 .003<\/p>\n<p>N 35 35 35 35 34<\/p>\n<p>Ratio of success Pearson Correlation -.248 -.197 -.284 -.494** 1<\/p>\n<p>Sig. (2-tailed) .157 .264 .103 .003 N 34 34 34 34 34<\/p>\n<p>**. Correlation is significant at the 0.01 level (2-tailed). The significance of the study was done at p-value .01. From the above table it is evident that there is no correlation between the variable used.  <\/p>\n<p>Question 2<\/p>\n<p>Coefficientsa<\/p>\n<p>Model Unstandardized Coefficients Standardized Coefficients t Sig. Correlations<\/p>\n<p>B Std. Error Beta Zero-order Partial Part<\/p>\n<p>1 (Constant) -12993.433 29440.713 -.441 .662 Work days 28.250 68.390 .033 .413 .683 .584 .076 .025<\/p>\n<p>Contract value (000) .799 .069 .934 11.647 .000 .944 .908 .706<\/p>\n<p>No of bidders -457.877 1525.094 -.022 -.300 .766 .185 -.056 -.018<\/p>\n<p>Ratio of success 52.916 311.644 .012 .170 .866 -.248 .032 .010<\/p>\n<p>a. Dependent Variable: Estimated cost (000) The simple regression or bivariate regression was conducted and the results show that there was only one significant relations between contract value and the estimated cost.  This is because the p-value was .000 less than the significant value .05 at 85% confidence interval.  <\/p>\n<p>Question 3<\/p>\n<p>The best analysis to use for estimation is regression analysis as it gives detailed correlation and significance levels between the dependent variable and the independent variables. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estimation Analysis Name Affiliation Question 1 Correlations Estimated cost (000) Work days Contract value (000) No of bidders Ratio of<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-39320","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Estimation Analysis - sheilathewriter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sheilathewriter.com\/blog\/estimation-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estimation Analysis - 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