Likiarviot
Likiarviot, in English often translated as rough estimates, are approximate evaluations produced when precise data are unavailable, impractical to obtain, or unnecessary for the task at hand. The term combines liki, meaning approximately, with arviot, meaning assessments or evaluations. In practice, likiarviot are used to gain a quick sense of scale, magnitude, or feasibility without performing detailed calculations.
Common methods for generating likiarviot include back-of-the-envelope calculations, order-of-magnitude estimates, and heuristics. Analysts may also use
Likiarviot are widely used in planning, budgeting, early-stage research, policy analysis, engineering design, and risk assessment.
Limitations include potential bias from optimistic or pessimistic assumptions and the danger of overconfidence in imprecise