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.

Oct 24, 2012 · The meaning of ESTIMATION is judgment, opinion. How to use estimation in a sentence.

Estimation is not always about doing calculations. It is important for you to be able to estimate how many things you can see, or how long something is or how big something is.

Estimation, in statistics, any of numerous procedures used to calculate the value of some property of a population from observations of a sample drawn from the population.

ESTIMATION meaning: 1. your opinion of someone or something: 2. a guess or calculation about the cost, size, value…. Learn more.

Jan 28, 2025 · Project estimation methods take constraints such as cost, scope, and time into account to accurately budget funds and resources needed for project success. In this guide, …

An estimation is an approximate calculation of a quantity or value. In fact, the first group were absolutely correct in their estimation of this man's height.

The amount, extent, position, size, or value reached in an estimate: the cost estimation is $500. 2. An opinion or judgment: In my estimation, that is a good book. 3. Favorable regard; esteem: …

Estimation is a rough calculation of the actual value, number, or quantity for making calculations easier. Example: When taking a cab or waiting for a bill at a restaurant, we tend to estimate …

Using estimation can help people to make more informed decisions about which product or offer would represent the best value.