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.

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

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.

Estimation is a Skill for Life. As you walk around and live your life, imagine if you could easily estimate: Also, it would be great if you could quickly guess how many people are in a room, how many cars in …

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

The amount, extent, position, size, or value reached in an estimate: the cost estimation is $500. 2. An opinion or judgment: In my estimation, that is a good book. 3. Favorable regard; esteem: held her …

In our Introduction to Inference we defined point estimates and interval estimates. In point estimation, we estimate an unknown parameter using a single number that is calculated from the sample data.

Project estimation methods take constraints such as cost, scope, and time into account to accurately budget funds and resources needed for project success. In this guide, we’ll cover each estimation …

Jul 31, 2025 · Estimation is a technique for calculating information about a bigger group from a smaller sample, and statistics are crucial to analyzing data. For instance, the average age of a city's …

In statistics, estimation refers to the process by which one makes inferences about a population, based on information obtained from a sample.