1. You can use 5m. With all the assumptions you are going to make, this first approximation is not important. I recommend asking the interviewer something like "Can I use 5m to facilitate the calculat... (more)

# All questions tagged estimation market sizing - Consulting Q&A - PrepLounge.com

and rise to the top

Hi all, I have have a third-round private equity interview coming up in a week, with one of t... (more)

Hi Kristian, I usually start from demand side me as well, because I find it more intuitive. Nevertheless, there may be some cases where you have some specific insights about supply and it's easier... (more)

Hi, The chances are higher that someone will help you if you provide at least your initial thoughts instead of just throwing 3 different MS cases in the topic. Happy to review your approach Best

How would you approach to calculate the number of people at a busy tube station at a given hour?... (more)

I would use the population although it will be very sensitive to many assumptions. It looks very difficult to make meaningful assumptions in terms of land size. Cheers Serhat

Your margin of error does not mean you did anything wrong. You have made severala assumptions, any of which could be inaccurate. Notice I didn't say wrong, because you are not expected to accurate... (more)