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.

News containing the term estimate

Loading...



http://www.businessdictionary.com/definition/estimate.html


Enter your email address to get our free Term of the Day newsletter!

estimate is...

Nearby Terms

Popular 'Statistics, Mathematics, & Analysis' Terms

Search volume for estimate

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z