estimate
Definition
Approximation, prediction, or projection of a quantity based on experience and/or information available at the time, with the recognition that other pertinent facts are unclear or unknown. An estimate is almost the same as an educated guess, and the cheapest (and least accurate) type of modeling.
estimate is in the Statistics, Mathematics, & Analysis subject.
estimate appears in the definitions of the following terms:
judgment factors,
distributor,
tare,
gross domestic product (GDP),
time series analysis (TSA),
sales forecast,
capital decay,
delivery forecast,
discounted future earnings method,
damages
and
estimate appears in the other terms:
budget estimate,
ball park estimate,
point estimate,
estimated time of arrival (ETA),
estimated flying time,
engineering cost estimate,
current estimate,
adjustments estimate,
estimated useful life,
independent cost estimate
and
This content can be found on the following page:
http://www.businessdictionary.com/definition/estimate.html
email to a friend
print this definition
cite this definition
link to this page