An Estimated Value is a numeric value produced by an estimator for an estimand.
- (Wikipedia, 2009) ⇒ http://en.wikipedia.org/wiki/Estimation
- Estimation is the calculated approximation of a result which is usable even if input data may be incomplete or uncertain.
- 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.