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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...

- system the Estimates are a series of legislative proposals to parliament outlining how the government will spend its money. The Estimates are drawn up...

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

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

- 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....

- 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...

- The estimated sign, ℮, also referred to as the e-mark or "quantité estimée" (Unicode U+212E), can be found on some pre-packed goods in Europe and Australia...

- 93,013, a record one day cricket crowd for Australia The tournament is estimated to have been watched by over 1.5 billion people; and the most widely watched...

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

- system the Estimates are a series of legislative proposals to parliament outlining how the government will spend its money. The Estimates are drawn up...

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

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

- 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....

- 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...

- The estimated sign, ℮, also referred to as the e-mark or "quantité estimée" (Unicode U+212E), can be found on some pre-packed goods in Europe and Australia...

- 93,013, a record one day cricket crowd for Australia The tournament is estimated to have been watched by over 1.5 billion people; and the most widely watched...

- 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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