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How do you know overestimate and underestimate? - Answers
You can identify an overestimate by recognizing that the predicted value exceeds the actual outcome, while an underestimate occurs when the prediction falls short of the actual result. To determine this, compare the estimated values to the true values. If the estimate is higher than reality, it's an overestimate; if it's lower, it's an underestimate. Additionally, analyzing the context and the methods used for estimation can help clarify whether estimates are likely to be inflated or deflated.
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How do you know overestimate and underestimate? - Answers
You can identify an overestimate by recognizing that the predicted value exceeds the actual outcome, while an underestimate occurs when the prediction falls short of the actual result. To determine this, compare the estimated values to the true values. If the estimate is higher than reality, it's an overestimate; if it's lower, it's an underestimate. Additionally, analyzing the context and the methods used for estimation can help clarify whether estimates are likely to be inflated or deflated.
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How do you know overestimate and underestimate? - Answers
You can identify an overestimate by recognizing that the predicted value exceeds the actual outcome, while an underestimate occurs when the prediction falls short of the actual result. To determine this, compare the estimated values to the true values. If the estimate is higher than reality, it's an overestimate; if it's lower, it's an underestimate. Additionally, analyzing the context and the methods used for estimation can help clarify whether estimates are likely to be inflated or deflated.
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