The Guesstimate Masterclass | All you need to know about guesstimates | Placement series
ฝัง
- เผยแพร่เมื่อ 20 พ.ค. 2024
- Hey! Welcome to the Guesstimate masterclass!
In this video, I have covered guesstimates in detail so that you can navigate through the process with ease :)
Connect with me over a call! Ask me a question or practice a real-life interview style guesstimate: topmate.io/shubhamkaushik
Books you can use 📚
Case Interviews Cracked: amz.run/4Xd3
Guesstimation Book: amz.run/4Xd4
Resources 🔖
Soumya Gupta's guide: bit.ly/33rsOZp
Vault guide: bit.ly/2R7mcgj
TH-cam videos 📹
IIM Lucknow Consulting Club: • Guesstimate: No. of wa...
MConsulting Prep: • Market-sizing & Guesst...
Chapters
00:00 Intro
00:28 Getting Started
02:05 Approach #1
03:05 Approach #2
05:09 Structuring your Guesstimates
05:18 1. Ask Questions
07:25 2. Take Time, Build Approach
08:00 3. Make it MECE!
09:39 MECE Example
10:32 4. End with a justifiable number
11:38 Sanity Check
12:19 Advice #1
13:43 Advice #2
14:17 Advice #3
15:31 Advice #4
16:43 Advice #5
17:12 Advice #6
17:37 Advice #7
18:30 Advice #7 - 2
19:19 Advice #8
20:05 Resources and Outro
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It's amazing how much stress this video releases. Helped a lot to calm my anxious self. Thanks for the gem!!
Great video bro. Sadly, such an underrated channel and video. Hope you reach new heights in future with your regular content. 👌👌👌
Kudos to you for wrapping this up into one chunk!
Very nicely explained. Very helpful video. Thanks a lot for sharing.👍
Thanks a lot for such an insightful session.
your videos are to the point.Thanks man
You really helped, thanks for this video!
brilliantly explained.
loved your vid..amazing content..thanks brother
Please give values of your PHUGAIP approach
Like what you have assumed. Eg: Population- 80% Urban and 20% Rural... Give more such values for different cases what you already have... It will help a lot
good video bro...made me confident...im new in this process
Nice.. please continue such videos
Wow! such an underrated video. I hope you get many more subs and views man, as you rightfully deserve. Cheers!
Thanks a lot for the great comment! 😁
Great explanation. In addition to it, one should try to ask the interviewer to specify the “in a single day” part in terms of a weekend day or a weekday. This could impact the guesstimate immensely hence must be inculcated in general practice.
thank you so much for this! :D
Great stuff! Thanks
Awesome video mate. Keep on making more videos focussed on guesstimates and case studies.
Thank you! Will be making more soon :')
What a video on such a topic, the explaination and advices are top notch.👏👏
Thanks for watching!
Next time you make video do this- 1 speak slowly. 2 stop annoying bg audio. Thanks anyway!
Very nice work
The explanation was quite detailed, and the visualizations really helped
Thank you for the feedback!!
Bhai Ek no.
The video that I didn't know I needed 🙌
Thanks for watching!
Okay this is the exact kind of video I was looking for. Very helpful. If you can please make some videos about technical case studies. How to solve case studies with a technical approach or just a normal case study one.
Hey Siddhartha, thanks for checking out the video! If you go to my channel, you can find videos covering Case Studies in detail :)
Let me know in case you would like to have some specific case videos!
Shubham Bhai! Thanks a Ton and Yes, you absolutely Rocked it. #NewSubscriber
To the point content, thanks! Keep uploading more such videos.
Thanks for watching! Trying to upload more in the upcoming weeks :')
Nice n uncommon choice of topic n very well explained with all possible details n approaches.
So nice of you! Thanks for watching!!
Watching it more than 15 times & learning each time ❤
A masterpiece for learning guesstimate
Thank you for watching!
Your channel is so underrated.Those eyes and voice and that explanation ..Oh my god💗
Thanks for watching!
Can I get your snapchat id if thats ok🙈?
P.s I m not this forward usually
Superb..
Thanks mate..can u share any source through which one can practice the guesstimates
Really helpful! Thank you for sharing.
Thanks for watching!
Hi Shubham, I have certain questions : -
1. You talked about fixing the numbers as soon as possible like population of Delhi, urban rural divide in Delhi. etc. Do you have a list of such important areas for which we should look up the numbers?
2. You said that we can ask for the feedback of the interviewer while laying down our approach. Wouldn't it have a kind of wrong indication? Of course we can clarify what we want to but do you think taking feedback during the process is right indeed?
- Thank You for the video :)
Yes, you are right. There cannot be one approach. Even in guesstimation we still need data too.
Hi Anirudh, I am a Business Analyst and I think my experience may help you.
Actually, Guesstimates and similar exercises are performed in an Interview to know about how well you are at requirements gathering, because you'd be conducting a lot of these sessions with clients in real world.
Its really important that clients' requirements match with your understanding of problem, so that you start solving it.
That is why it is really important to clarify that you both are on the same page.
You explained it brilliantly.
Thanks a lot for watching!
Thank u so much.. so viheaive and to the point .. really needed this .. hav got a ZS interview tomorrow where i need to use guesstimates and i really wasnt able to find any good material ... This is a blessing ... Thank u soo much 💕
Glad you found it useful!
how was your interview. I am also preparing for zs
cohesive*
and i'm only correcting you cos it took me so long to understand that Viheaive isn't a word 😭😂
@@kshiprabhandari arey ... Fatafat me typo ho gya hoga 😂 my bad ... I didnot even notice it until now ...(≧▽≦)
@@rashmiroy1375 😂😂😂
Explanation is very effective.
Thanks a lot!
Hello Sir this video was really very awesom in explanation and made me feel more confident about the aproch. Ca you please make a video on Puzzle solving as well? Like in the mock interview format types I have been really struggling lately on it. It will be a great help sir !
Thanks for the feedback! I'll try to upload videos about puzzles as well :')
@@shubhamkaushik9589 thank you sir that will be a great help!
Amazing video, thank you so much !!😊
Glad you liked it!
Really insightful!
Glad it was helpful!
Very informative video Bhaiya 💙💙
Thank you!
Thanks for this!
Thanks for watching!
What's better giving the answer of my guesstimate in absolute number like 50k or in a range like 40k-45k
while estimating no of schools in Delhi, what if i compare it with the city i live in and multiply it with the population multiple? would that also be a valid approach.
Really useful video. Very well explained. Thanks!
Thanks for watching!
It's really very amazing and intuitive technique, thanks a ton ❤🔥❤🔥❤🔥
Thanks for watching!
Very informative!
Thanks for watching!
So well explained!
Thanks for watching!
Good stuff!!
Super glad you liked it!
In the ice cream one, we can ask whether it is a summer day or winter ?!
Can we use a pen, paper, calculator in interview for guestimates ?
Bro really appreciate your help 😃
Thanks for watching!
The background music makes the video more classic!
Annoying*
Very nice information
Thanks for watching!
Sir, how can i connect with you on linkedin
You are going to blow man
Thanks for watching!
In an interview I was asked to estimate the number of tourists arriving India everyday.
Can anyone come up with a solution for the question?
P.S. - I went blank and best I could come up with was applying the t-test from statistics.
Hey Rahul, that's an interesting question. Since it is about tourists arriving in India, we can basically take the number of flights coming into India everyday as the primary approach, figure out total number of people from there, and make a solid case for what % of those people are coming for tourism purposes as opposed to business or some other reason.
Do let me know if you find a better approach!
@@shubhamkaushik9589 yes, we can approch by knowing that how many tourist come to Kashmir which is the most visited place by foreigners. So by getting that number we can guess in other parts tooo basis of its popularity and connectivity.
1. Try to arrive at the no. of Intl. airports in India, & segregate them by traffic, 'Busy'ness, and load.
2. Divide incoming passengers into 3 categories; Indians, Foreigners (Official work), & Foreigners (Tourism). (not counting Indian tourists visiting India from abroad.)
3. Also curate Numbers of countries from where we receive tourists not necessarily by flights, e.g. Bangladesh, Bhutan, Nepal, Pakistan, and Sri Lanka.
think this should be an okay start.
@@abhikmahato hi sir any book or channel you suggest to practice guesstimates
Why didn't I find this channel earlier...?
One more factor we can consider in ice cream guesstimate is whether we should consider the day as of summer or winters... And again in that whether is it a normal day or a festival day....?
yaa and I think even in the school estimation we can clarify whether are we talking about pvt. or govt. schools or both?? do you think it's appropriate to ask??
@@famoushae Shouldn't in that case we must then think about nursery, kindergarten, then grade 1 to grade 12.
I basically used age group with this. I just considered age groups 4-18 going to school. And then started with my class size and extrapolated it to number of sections in each class. And then multiplying to 12. I also took 15-20 students for each section of nursery, lower kindergarten and upper kindergarten and multiplying it by 4 since I had 4 sections in my school for them.
decrease the background sound please thank you
You live in Kaushambi?
I calculated no. of spoons 😅
Haha no worries, I might consider adding subtitles xD
I have a doubt here, can anyone tell me what we can do if we need to clarify something in the middle of an interview?
You can go ahead and ask your interviewer for a clarifying question at any point!
So if the answer it doesn't matter?...but the method we used says everything?
Not everything, but a lot! Like I said, a sanity check is a good way to make sure your answer is at least in the ballpark of the actual exact answer :')
Confusing
Bhaiya music mat dalo yrr
content is good but plz work on sound editing
Noted!
Legends are watching in November 2022 😂
your background music is very disturbing.
dont add bg music to these type of videos its annoying while focusing
You are cute
Hot
Really insightful!
Thanks for watching!