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.
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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 (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.
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.
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.