Estimation – Part I: How to do it?
Trying to answer questions about the impact of a career is difficult, and trying to decide between different career options is even harder. If I asked you ‘How many people will benefit from research into anti-malarial vaccination?’ or ‘How many malaria nets would a £1000 donation to the Against Malaria Foundation get?’, your first answer will probably be that you don’t know. After this you will probably try to google the answer, but in most cases the information that you need is either not easily accessible or it would cost you a lot of time and money to find it. Finally you might guess or estimate an answer.
But are some guesses or estimates better than others? In this post we will look at processes you can go through to make an estimate and how to make sure that your estimate is as good as it can be.