The Errors of Estimation

by Arnold Burian

Check out The Errors of Estimation by vasco. Here is an excerpt:

What we often hear from estimators is that estimates are supposed to be “intervals”, not single-point values.

As usual, they don’t define what “interval” should be. They just say that you have to be “accurate”, but not so “precise”. 

Ok, let’s explore what that might mean. 

Let’s say…

The full article is available here.

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