Most Likely Duration
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Most Likely Duration is an estimate of the most probable activity duration that takes into account all of the known variables that could affect performance. See also optimistic duration, and pessimistic duration.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Most Likely Duration. An estimate of the most probable activity duration that takes into account all of the known variables that could affect performance. See also optimistic duration, and pessimistic duration.
