WebText classification deals with allocating a text document to a predetermined class. Generally, this involves learning about a class from representations of documents … WebMay 13, 2016 · Reference class forecasting involves referencing similar past projects in the development of the project estimate (Lovallo & Kahneman, 2003). It essentially changes the focus of the estimate from an inside to an outside view. Flyvbjerg (2008) recommends reference class forecasting as a specific way to deal with estimating optimism bias.
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