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 may be incomplete, uncertain, or unstable.

estimation, in statistics, any of numerous procedures used to calculate the value of some property of a population from observations of a sample drawn from the population. A point estimate, for …

The meaning of ESTIMATION is judgment, opinion. How to use estimation in a sentence.

ESTIMATION meaning: 1. your opinion of someone or something: 2. a guess or calculation about the cost, size, value…. Learn more.

Estimation is not always about doing calculations. It is important for you to be able to estimate how many things you can see, or how long something is or how big something is.

Estimation is a rough calculation of the actual value, number, or quantity for making calculations easier. Example: When taking a cab or waiting for a bill at a restaurant, we tend to estimate …

May 8, 2024 · Estimation in statistics involves using sample data to make educated guesses about a population's characteristics, such as mean, variance, or proportion. The population …

Describes the estimation process in statistics. Covers point estimates, interval estimates, confidence intervals, confidence levels, and margin of error.

An estimation is an approximation of a value. We estimate when we do not need an exact answer but just one that is close enough. Some questions ask us to find the "closest approximation" or …

Jul 10, 2025 · The amount, extent, position, size, or value reached in an estimate. Esteem or favourable regard. Synonym: opinion With that performance last night, you've gone up in the …