See: Estimation Task, Estimated Value.



    • Noun
      • 1. A rough calculation or guess.
        • 2. (construction and business) A document (or verbal notification) specifying how much a job will probably cost.
    • Verb to estimate (third-person singular simple present estimates, present participle estimating, simple past and past participle estimated)
      • 1. to calculate roughly, often from imperfect data
  • (Wikipedia, 2009) ⇒
    • 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.