Estimates as Ranges
Where a figure is not known, it is entered as a range with its basis, a low and a high, and narrowed as the figure becomes known. A plan never needs a guess dressed as a fact.
L2Level 2 of 3 · no narrower concepts
What it rests on, and what rests on it
It rests on
Rests on it
Where it is used
No article names it yet.
In the model
- The model's household estimates module
- The model's assumption “Household estimates: how a field not given enters a run”
- The model's assumption “Estimates typed into the record: read as 9 in 10, and how each is drawn”
Sources
- Douglas W. Hubbard, How to Measure Anything, 2007.