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Software engineering is the step by step process for developing an efficient system, which is expected by the user. To achieve or develop the system they are having many lifecycle models. But while considering the software development lifecycle model cost estimation is the essential thing to predict how much effort is needed to develop the system. In the phase of software deployment, overall expenses should be within the range of estimated amount in analysis phase. In this paper, the authors propose a novel approach in cost estimation technique based on the algorithmic models.
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