23 lines
732 B
Markdown
23 lines
732 B
Markdown
---
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id: 2026-01-09T14:45:00-0500
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title: 2026-01-09 14:45:??
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tags:
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- topic/estimating
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daily: "[[2026-01-09]]"
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---
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# 2026-01-09 14:45:??
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[[bid-price-modeling]]
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Suppose a true cost model,
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accounting for all relevant information available at time $t$.
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$C(t)$ returns a distribution whose [scale](https://en.wikipedia.org/wiki/Scale_parameter)
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decreases with $t$, and $C(0)$ maps to a single value.
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$t>0$ is time until the final payment.
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> 
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>
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> Figure: lognormal distributions with the same [location](https://en.wikipedia.org/wiki/Location_parameter)
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> varied by [scale](https://en.wikipedia.org/wiki/Scale_parameter).
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