A lot of estimates go into the final calculation to determine market size, and each component needs to be as precise as possible, otherwise the errors in the estimation get compounded.

Question

Quizplus · Accepted Answer

This statement is true. Inaccuracies in any of the estimates used to determine market size can lead to significant errors in the final calculation, as these errors are compounded and multiplied throughout the process. Therefore, it is crucial to ensure that each component of the estimation is as precise as possible to minimize errors.

A Lot of Estimates Go into the Final Calculation to Determine