estimationˌɛs təˈmeɪ ʃən
estimation (n)
- plural
- estimations
English Definitions:
appraisal, estimate, estimation (noun)
a document appraising the value of something (as for insurance or taxation)
estimate, estimation (noun)
the respect with which a person is held
"they had a high estimation of his ability"
estimate, estimation, approximation, idea (noun)
an approximate calculation of quantity or degree or worth
"an estimate of what it would cost"; "a rough idea how long it would take"
estimate, estimation (noun)
a judgment of the qualities of something or somebody
"many factors are involved in any estimate of human life"; "in my estimation the boy is innocent"
estimation (Noun)
The process of making an estimate
estimation (Noun)
The amount, extent, position, size, or value reached in an estimate
estimation (Noun)
Esteem or favourable regard
Estimation
Estimation is the process of finding an estimate, or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available. Typically, estimation involves "using the value of a statistic derived from a sample to estimate the value of a corresponding population parameter". The sample provides information that can be projected, through various formal or informal processes, to determine a range most likely to describe the missing information. An estimate that turns out to be incorrect will be an overestimate if the estimate exceeded the actual result, and an underestimate if the estimate fell short of the actual result.
Estimation
Estimation (or estimating) is the process of finding an estimate or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available. Typically, estimation involves "using the value of a statistic derived from a sample to estimate the value of a corresponding population parameter". The sample provides information that can be projected, through various formal or informal processes, to determine a range most likely to describe the missing information. An estimate that turns out to be incorrect will be an overestimate if the estimate exceeds the actual result and an underestimate if the estimate falls short of the actual result.
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"estimation." Kamus.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.kamus.net/english/estimation>.
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