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 meaning of ESTIMATION is judgment, opinion. How to use estimation in a sentence.
ESTIMATION meaning: 1. your opinion of someone or something: 2. a guess or calculation about the cost, size, value…. Learn more.
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 is a Skill for Life. As you walk around and live your life, imagine if you could easily estimate: Also, it would be great if you could quickly guess how many people are in a room, how many cars in the street, how many boxes on the shelf, or even how many seagulls on the beach.
Estimation is the process of finding a number that is close enough to the exact answer without doing precise calculations. You use estimation to get a quick, reasonable result when an exact answer is not needed.
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: held her teacher in high estimation. American Heritage® Dictionary of the English Language, Fifth Edition.
The noun estimation has its Latin roots in aestimare, meaning "to value." One of the definitions for estimation is an approximate calculation of something's value. If you go to an auction, you can often review a catalog that will have an estimation of the value of each item for sale.