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Estimation - Wikipedia 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 | Definition, Examples, Facts | Britannica 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
11 Types of Estimates - ProjectEngineer Every project, no matter its scope, hinges on a critical first step: the estimate As projects are inherently temporary, securing budget approval requires a clear understanding of costs This is where estimates come in, guiding stakeholders to make informed decisions But estimates vary widely, shaped by their purpose and approach There are about 11 types [Read More]
Estimation - definition of estimation by The Free Dictionary 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 Definition Meaning | Britannica Dictionary ESTIMATION meaning: 1 : a judgment or opinion about something; 2 : the act of judging the size, amount, cost, etc , of something the act of estimating something