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How do you make a ballpark estimate? - Answers
A 'ballpark' estimate is a euphemism that loosely translates to an estimate as big as a ballpark.One way is to:Collect a few parameters, so that you know the possible lowest number and the possible highest number.Add variables that will affect the numbers one way or the other, then adjust the range: your low and high numbers can change.Look at history, to see if there are patterns or estimates there.Label your estimates as estimates, and document your logic in arriving at the number.
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How do you make a ballpark estimate? - Answers
A 'ballpark' estimate is a euphemism that loosely translates to an estimate as big as a ballpark.One way is to:Collect a few parameters, so that you know the possible lowest number and the possible highest number.Add variables that will affect the numbers one way or the other, then adjust the range: your low and high numbers can change.Look at history, to see if there are patterns or estimates there.Label your estimates as estimates, and document your logic in arriving at the number.
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How do you make a ballpark estimate? - Answers
A 'ballpark' estimate is a euphemism that loosely translates to an estimate as big as a ballpark.One way is to:Collect a few parameters, so that you know the possible lowest number and the possible highest number.Add variables that will affect the numbers one way or the other, then adjust the range: your low and high numbers can change.Look at history, to see if there are patterns or estimates there.Label your estimates as estimates, and document your logic in arriving at the number.
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