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using estimationTable of Contents
Introduction.................................................................................................................. 1
Mathematics Strategy
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Identify the task or project that requires estimation.
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What is using estimation?
Using estimation is a method of approximating or calculating something, such as income or expenses, based on available information.
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Individuals or businesses may be required to file using estimation if they do not have exact financial records or information available.
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The purpose of using estimation is to provide an approximate value or figure when exact information is not available.
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When using estimation, one must report the method used, the assumptions made, and any limitations of the estimate.
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