Definition of Estimate. Meaning of Estimate. Synonyms of Estimate

Here you will find one or more explanations in English for the word Estimate. Also in the bottom left of the page several parts of wikipedia pages related to the word Estimate and, of course, Estimate synonyms and on the right images related to the word Estimate.

Definition of Estimate

Estimate
Estimate Es"ti*mate, v. t. [imp. & p. p. Estimated; p. pr. & vb. n. Estimating.] [L. aestimatus, p. p. of aestimare. See Esteem, v. t.] 1. To judge and form an opinion of the value of, from imperfect data, -- either the extrinsic (money), or intrinsic (moral), value; to fix the worth of roughly or in a general way; as, to estimate the value of goods or land; to estimate the worth or talents of a person. It is by the weight of silver, and not the name of the piece, that men estimate commodities and exchange them. --Locke. It is always very difficult to estimate the age in which you are living. --J. C. Shairp. 2. To from an opinion of, as to amount,, number, etc., from imperfect data, comparison, or experience; to make an estimate of; to calculate roughly; to rate; as, to estimate the cost of a trip, the number of feet in a piece of land. Syn: To appreciate; value; appraise; prize; rate; esteem; count; calculate; number. -- To Estimate, Esteem. Both these words imply an exercise of the judgment. Estimate has reference especially to the external relations of things, such as amount, magnitude, importance, etc. It usually involves computation or calculation; as, to estimate the loss or gain of an enterprise. Esteem has reference to the intrinsic or moral worth of a person or thing. Thus, we esteem a man for his kindness, or his uniform integrity. In this sense it implies a mingled sentiment of respect and attachment. We esteem it an honor to live in a free country. See Appreciate.

Meaning of Estimate from 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...
- A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process....
- This article lists current estimates of world po****tion, as well as projections of po****tion growth. In summary, estimates for the progression of world...
- system the Estimates are a series of legislative proposals to parliament outlining how the government will spend its money. The Estimates are drawn up...
- An estimate may be: a rough calculation or guess, the result of estimation. a sales quote, a do****ent (or verbal notification) specifying how much a job...
- statistics, kernel density estimation (KDE) is a non-parametric way to estimate the probability density function of a random variable. Kernel density estimation...
- engineering education, a Fermi problem, Fermi quiz, Fermi question, Fermi estimate, or order estimation is an estimation problem designed to teach dimensional...
- In statistics, maximum likelihood estimation (MLE) is a method of estimating the parameters of a distribution by maximizing a likelihood function, so that...
- A Board of Estimate is a governing body in many counties and muni****lities, particularly in the United States. Typically, the board's membership will...
- (MAP) estimate is an estimate of an unknown quantity, that equals the mode of the posterior distribution. The MAP can be used to obtain a point estimate of...
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