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IIBA Exam CBDA Topic 3 Question 17 Discussion

Actual exam question for IIBA's CBDA exam
Question #: 17
Topic #: 3
[All CBDA Questions]

The analytics team has been asked to provide an estimate of the number of customers they expect to have in 12 months. They debated how accurate that figure needs to be and determined that based on the availability of good data, they could predict within + or - 10%. This is an example of a:

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Suggested Answer: B

by Clare at Jul 14, 2024, 01:55 PM

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Shawna
23 days ago
I'll take the 'definitive estimate' - that sounds like a fancy way of saying 'wild guess'.
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Wenona
11 hours ago
User 1: I think it's A) ROM estimate.
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Kami
25 days ago
I bet the analytics team is just throwing darts at a board to come up with these 'estimates'.
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Dulce
16 days ago
A) ROM estimate
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Ty
1 months ago
Definitely a definitive estimate! I mean, they've got the data and everything, right? What could go wrong?
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Fatima
16 days ago
B) Delphi estimate
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Casie
19 days ago
A) ROM estimate
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Thurman
1 months ago
Hmm, I'm not sure about this one. Guess I'll just go with my gut and pick A) ROM estimate. Who needs accuracy anyway?
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Irma
1 months ago
This has to be a Delphi estimate. They debated the accuracy, which is the key characteristic of the Delphi method.
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Flo
28 days ago
C) Parametric estimate
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Georgeanna
29 days ago
B) Delphi estimate
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Hershel
1 months ago
A) ROM estimate
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Cyril
2 months ago
I think the correct answer is C) Parametric estimate. The question mentions they can predict within +/- 10%, which aligns with the definition of a parametric estimate.
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Arthur
1 months ago
I think it's A) ROM estimate because they are providing a rough estimate with a range of +/- 10%.
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Bo
1 months ago
I agree with you, C) Parametric estimate seems to be the most fitting choice.
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Simona
2 months ago
I'm not sure, but I think it could also be a Parametric estimate since they are using data to make the prediction.
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Colby
2 months ago
I agree with Leonor, because the range of + or - 10% aligns with a Rough Order of Magnitude estimate.
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Leonor
2 months ago
I think it's a ROM estimate.
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