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.

Question

06-06-2024
Business

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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 :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-06T18:29:01-04:00

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:

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.
Historical Data: Estimating using past experience is more reliable for current events as opposed to distant ones.
Planning Horizon: The farther into the future an activity is, the greater the margin of error in estimation.

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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 :

Final answer:

Explanation:

Learn more about Estimation accuracy for events here:

Other Questions

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.