All language subtitles for 1. Exercise The Power Of Estimation

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Original subtitles

1 1

Now, let's look at the practical essentials 2

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of everyone's favorite subject, estimating. 3

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First, let's try an exercise 4

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that demonstrates that an estimate with any analysis 5

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behind it at all can come surprisingly close. 6

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For example, your mission is to estimate 7

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the number of piano tuners in the city you live in. 8

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You have no input information at all, 9

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no consulting the internet. 10

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How can you break down the analysis? 11

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What is the estimate based on? 12

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Pause the video, and give it a shot. 13

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Now that you have structured the estimate, 14

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how close do you think it actually is? 15

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Imagine if you were able to research the estimate 16

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and base it on some hard data, 17

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can you see that estimates with any analysis 18

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behind them can get very close?

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