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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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Cyril
12 hours 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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Simona
10 days 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
14 days ago
I agree with Leonor, because the range of + or - 10% aligns with a Rough Order of Magnitude estimate.
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Leonor
14 days ago
I think it's a ROM estimate.
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