ABCDEFGHIJKLMNOPQRSTUVWXYZ
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Estimated Cost = a + bx^c + e
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Cost, YWeight, XEst CostY - Est Cost(Y-Est Cost)^2
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 $ 90 2.83.8 $ 86.20 $ 7,430.44
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 $ 110 3.04.0 $ 106.00 $ 11,236.00
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 $ 200 3.64.6 $ 195.40 $ 38,181.16
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 $ 80 7.78.7 $ 71.30 $ 5,083.69
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 $ 310 8.59.5 $ 300.50 $ 90,300.25
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 $ 290 17.218.2 $ 271.80 $ 73,875.24
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 $ 410 23.124.1 $ 385.90 $ 148,918.81
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 $ 230 28.429.4 $ 200.60 $ 40,240.36
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 $ 260 32.633.6 $ 226.40 $ 51,256.96
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 $ 310 38.739.7 $ 270.30 $ 73,062.09
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 $ 510 39.140.1 $ 469.90 $ 220,806.01
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 $ 380 40.341.3 $ 338.70 $ 114,717.69
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 $ 330 42.443.4 $ 286.60 $ 82,139.56
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 $ 420 53.054.0 $ 366.00 $ 133,956.00
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 $ 620 58.059.0 $ 561.00 $ 314,721.00
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 $ 510 62.063.0 $ 447.00 $ 199,809.00
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 $ 1,605,734.26
SSE (Sum of Squared Errors)
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a =1.0
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b =1.0
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c =1.0
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Source: Tim Anderson, SE3011 Engineering Economics and Cost Estimation course, Naval Postgraduate School, Fall 2020
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