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Question 73 - CBDA discussion

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Analytics is being used to estimate the number of machine breakdowns a company will experience next year. The business analyst provides an optimistic estimate of 10 breakdowns, a pessimistic estimate of 100 breakdowns, and a most likely value of 50 breakdowns. What type of estimation is being used?

A.
Parametric Estimation
Answers
A.
Parametric Estimation
B.
PERT
Answers
B.
PERT
C.
Top-down
Answers
C.
Top-down
D.
Delphi
Answers
D.
Delphi
Suggested answer: B

Explanation:

Explanation: According to the Guide to Business Data Analytics, PERT (Program Evaluation and Review Technique) is a type of estimation that uses three values: optimistic, pessimistic, and most likely. The PERT estimate is calculated as the weighted average of these three values, with more weight given to the most likely value. PERT can be used to estimate the duration, cost, or other variables of a project or activity, taking into account the uncertainty and variability of the dat a. PERT can help provide a realistic and reliable estimate based on the available information.

asked 18/09/2024
Chini Nicola
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