Question: Use the following data to generate a quote model for future business. This can be accomplished by performing a high-low or regression analysis to generate

 Use the following data to generate a quote model for future

Use the following data to generate a quote model for future business. This can be accomplished by performing a high-low or regression analysis to generate an equation relating direct labor hours to product cost: Within your analysis, make sure to include the following: - Explain how jobs can be estimated by using a quote model based on previous data. - Discuss the different methods of cost estimation. - Prepare a bid for a job that would require 2,700 direct labor hours. Your justification should be between 350 to 500 words in length

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