estimation

1 an approximate calculation of quantity or degree or worth; "an estimate of what it would cost"; "a rough idea how long it would take" [syn: estimate, approximation, idea]

2 a document appraising the value of something (as for insurance or taxation) [syn: appraisal, estimate]

3 the respect with which a person is held; "they had a high estimation of his ability" [syn: estimate]

4 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" [syn: estimate]

English

Pronunciation

• Rhymes: -eɪʃǝn

Noun

1. The process of making an estimate
2. The amount, extent, position, size, or value reached in an estimate
3. Esteem or favourable regard

Derived terms

• estimate

Related terms

• esteem

Translations

• Japanese: 見積り
• Spanish: valoración

French

Pronunciation

• /ˌɛ.stəˈmeɪ.ʃən/|lang=fr

Noun

1. estimate (rough calculation or guess)

Estimation is the calculated approximation of a result which is usable even if input data may be incomplete, uncertain, or noisy.

In statistics, see estimation theory, estimator.

In mathematics, approximation or estimation typically means finding upper or lower bounds of a quantity that cannot readily be computed precisely and is also an educated guess . While initial results may be unusably uncertain, recursive input from output, can purify results to be approximately accurate, certain, complete and noise-free.

In project management, see estimation (project management).

See also

• Estimation theory (statistics)
• "Estimated" sign
• Fermi problem (physics)
• Guesstimate
• Optimism bias
• Reference class forecasting
• Sample size (statistics)

External links

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