All four methods produce estimates of amounts of fixed and variable costs. The ultimate goal of cost estimation is to determine the amount of fixed and variable costs to create a cost formula to be used to predict future costs. The cost formula, or cost equation, is the output of the cost estimation process.
Official logo of the GRULAC. The Latin American and Caribbean Group (GRULAC: Group of Latin America and Caribbean Countries) is a United Nations Regional Group gathering all the Latin American and Caribbean states (17% of all UN members).
The largest population center is located in the so-called central axis and in the Llanos region. Bolivia has a young population. According to the 2011 census, 59% of the population is between 15 and 59 years old, 39% is less than 15 years old. Almost 60% of the population is younger than 25 years of age.