A description of the curve-fitting process for the cost analyst. The study is characterized by intuitive discussions with illustrations of computational procedures, and treats the more complex relationships of cost analysis by an approach that integrates analytic geometry with curve-fitting methods. In order to develop an equation to describe a particular relationship, the approach combines the properties of specific functional forms--the straight line, the exponential, the power function, and the parabola--with the values of equation constants. Examples of curves fit to two-variable and multi-variable relationships are shown. Both linear and nonlinear cases are included. 147 pp. Bibliog.
This report is part of the RAND Corporation Research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.
Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/principles.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.