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For some consumer products I could estimate demand by number of people or by number of households. Is there a good rule for choosing the cleaner approach, or should I pick whichever data and assumptions are easier to defend?
Some market-sizing assumptions are pretty uncertain, so a single number can feel fake-precise. Is it acceptable to give a range, or do interviewers usually expect one final estimate?
Mayank G.CoachA range can be useful when the uncertainty is real, but you should still show a clear base-case estimate. The interviewer needs to see that you can make a decision rather than hide behind a very wide interval.
If I say something like 30% penetration and the interviewer tells me that assumption feels too high, but does not give a better number, should I defend it, ask for guidance, or pick a new assumption myself?
Mayank G.CoachTreat the challenge as a signal to revisit the assumption, not as a demand to defend it at all costs.
For some market-sizing questions I can see both a customer-demand approach and a supply/capacity approach. How do I decide which one to use in the interview?
Mayank G.CoachChoose the approach that uses the most reliable assumptions and connects most directly to the market you are sizing.