Hi folks,
I'm trying to understand how to categorize guess-estimation questions. So far I came to below understanding:
1. Market size: calculated by either % of visit x $/visit,
or calculate from supply restraints.
2. Comparison (e.g. length of road at certain city): mainly pick a proxy I'm familiar with and run the calculation.
I don't think my understanding is thorough, can you please let me know whehter there are any other approach to such questions?