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Estimating

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.

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.

- 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....

- government, the Estimates are an outline of government spending for the following fiscal year presented by the cabinet to parliament. The Estimates are drawn...

- be based. Important examples of estimating equations are the likelihood equations. Consider the problem of estimating the rate parameter, λ of the exponential...

- The Estimates Committee is a committee of selected members of parliament, constituted by the Parliament of India (the Lok Sabha), for the purpose of scrutinising...

- In statistics, a generalized estimating equation (GEE) is used to estimate the parameters of a generalized linear model with a possible unknown correlation...

- Estimation theory is a branch of statistics that deals with estimating the values of parameters based on measured empirical data that has a random component...

- Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator...

- an estimating function. This estimating function is often the derivative of another statistical function. For example, a maximum-likelihood estimate is...

- requirement). Larger sample sizes generally lead to increased precision when estimating unknown parameters. For example, if we wish to know the proportion of...

- 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....

- government, the Estimates are an outline of government spending for the following fiscal year presented by the cabinet to parliament. The Estimates are drawn...

- be based. Important examples of estimating equations are the likelihood equations. Consider the problem of estimating the rate parameter, λ of the exponential...

- The Estimates Committee is a committee of selected members of parliament, constituted by the Parliament of India (the Lok Sabha), for the purpose of scrutinising...

- In statistics, a generalized estimating equation (GEE) is used to estimate the parameters of a generalized linear model with a possible unknown correlation...

- Estimation theory is a branch of statistics that deals with estimating the values of parameters based on measured empirical data that has a random component...

- Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator...

- an estimating function. This estimating function is often the derivative of another statistical function. For example, a maximum-likelihood estimate is...

- requirement). Larger sample sizes generally lead to increased precision when estimating unknown parameters. For example, if we wish to know the proportion of...

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