Examples of estimation tasks in business and research include:
Estimating the amount of money a randomly chosen family of four will spend for back-to-school shopping this fall.
Estimating the percentage decrease in rotary-movement sustained by a National Football League running back with a knee injury.
Estimating the number of points per game that Patrick Ewing will score whendouble-teamed in the playoffs.
Estimating the grade-point average (GPA) of a graduate student, based on thatstudent’s undergraduate GPA.