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Question

What is the benefit of combining different estimation methods?

a.

It reduces bias

b.

It increases accuracy

c.

It leads to lower costs

d.

It leads to higher profits

Answer: (a).It reduces bias Explanation:Likewise, the combination of sufficiently different estimation methods gives better estimates. In this way, the bias that is inherent in a method or class of experts is mitigated.

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Q. What is the benefit of combining different estimation methods?

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