Question

47) ________ is an estimation technique that begins with an initial approximation, which is then modified in accordance with additional information.

a) Regression analysis

b) Bayesian inference

c) Iterative approximation

d) Trial and error method

Answer 1

Iterative approximation is an estimation technique that starts with an initial approximation and is modified using additional information.

Step-by-step explanation:

The estimation technique that begins with an initial approximation and is modified in accordance with additional information is called Iterative approximation. In this technique, you start with an initial estimate and then make adjustments based on new data or information. It is a process of refining an approximation until it becomes closer to the desired solution.