Estimation question

Estimate the delta in the sale of hair trimmers/clippers during the COVID-19 lockdown.

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What this question tests

Estimation reasoning about a behavioral shift caused by a specific real world event, requiring a before-and-after comparison with clear logic.

How to approach it

  1. State the hypothesis directly: lockdowns closed barbershops and salons, likely increasing demand for at-home hair trimmers and clippers.
  2. Break the estimate into a funnel: baseline pre-COVID monthly trimmer sales, times an assumed multiplier for the surge during lockdown months.
  3. State assumptions explicitly, for example baseline monthly sales in a market, and a surge multiplier, perhaps 2x to 4x, reasoning that barbershop closures pushed a large share of regular haircuts to at-home solutions.
  4. Consider offsetting factors: some people simply let hair grow rather than buying a trimmer, which would reduce the multiplier from an extreme high estimate.
  5. Calculate a delta (increase in units or revenue) and sanity check it against the fact that this was a widely reported, real consumer trend during 2020 lockdowns.
  6. Segment by whether this was a one-time spike (early lockdown panic buying) versus a sustained shift, since the delta likely tapered as salons reopened.

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