Answered

Why is the accuracy of estimates for current events greater than that for more distant events?
O Longer project durations primarily use top down estimating methods.
O Uncertainty increases over time.
O Distant events primarily use bottom up estimating methods.



Answer :

GinnyAnswer

Final answer:

The accuracy of estimates for current events is higher due to factors like increasing uncertainty over time and reliance on historical data for more reliable estimates.


Explanation:

The accuracy of estimates for current events is greater than that for more distant events due to several factors:

  1. Uncertainty increases over time: As events get further into the future, there are more variables and unknown factors that can impact the accuracy of estimates.
  2. Historical Data: Estimating using past experience is more reliable for current events as opposed to distant ones.
  3. Planning Horizon: The farther into the future an activity is, the greater the margin of error in estimation.

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