What does heuristic mean?
A heuristic is a mental shortcut or a rule of thumb that helps in decision making or problem solving. It is a strategy that reduces the complexity of a problem by making an educated guess or an approximation.
Example
"The company used a heuristic to estimate the demand for their new product, which helped them to make a more informed decision about production levels."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.