Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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How is assessed value calculated ? Do you think it is fair ? assessed value needed and why ?

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Estimation (or estimation) is an estimation or approximation method, which is a value that can be used for any reason, even though the input data can be incomplete, uncertain, or unstable. Nevertheless, the value is functional since it is extracted from the best available knowledge. Usually, estimation involves "using the value of a sample-derived statistic to estimate the value of an appropriate population parameter"

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