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Now, let's look at the practical essentials
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of everyone's favorite subject, estimating.
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First, let's try an exercise
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that demonstrates that an estimate with any analysis
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behind it at all can come surprisingly close.
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For example, your mission is to estimate
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the number of piano tuners in the city you live in.
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You have no input information at all,
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no consulting the internet.
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How can you break down the analysis?
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What is the estimate based on?
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Pause the video, and give it a shot.
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Now that you have structured the estimate,
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how close do you think it actually is?
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Imagine if you were able to research the estimate
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and base it on some hard data,
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can you see that estimates with any analysis
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behind them can get very close?
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