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The Estimating Factor That Considers the Decreasing Accuracy of Estimates

question 73

Multiple Choice

The estimating factor that considers the decreasing accuracy of estimates as one forecasts activities that are further into the future is known as ____________.


Definitions:

Theories

Systematically organized principles or explanations proposed to understand phenomena or aspects of the real world.

Approximation

A value or quantity that is nearly but not exactly correct, often used in mathematical and scientific contexts.

Known Facts

Information or details that have been confirmed to be true through evidence or research.

Proven Correct

Demonstrated to be true or accurate through evidence or logical reasoning.

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