Estimated Meaning: Definition, Examples, and Translations

Science

• In statistics, estimation is crucial for making predictions and understanding data trends.
• The scientific method often relies on estimation, especially when exact measurements are impossible to obtain.
• Estimates are widely used in fields such as ecology and medicine to assess population sizes or disease spread.

Psychology

• Cognitive biases can affect how individuals make estimates, often leading to overconfidence in their guesses.
• Research shows that providing ranges can help improve the accuracy of estimates in uncertain situations.
• People tend to underestimate or overestimate time, a phenomenon known as the planning fallacy.

Economics

• Economists use estimates to project growth, inflation, and unemployment rates, aiding in policy decisions.
• Fiscal estimates play a significant role in budget planning for governments and organizations.
• Estimates often inform business valuations, helping investors assess potential returns on investments.

Pop Culture

• Estimates appear frequently in game shows, where contestants guess numbers related to prizes or performances.
• In media, vague estimates for events, like box office earnings, often create buzz and speculation among audiences.
• Social media influencers often share estimated figures for their reach and engagement, impacting marketing strategies.

Main points about word origin

• The word derives from the Latin word 'aestimatus', which means 'to value' or 'to assess'.
• In the 14th century, it entered Middle English as 'estymat', reflecting the practice of evaluation.
• The transformation into its modern form occurred during the 16th century, becoming commonly used in contexts like finance and construction.

The word 'estimated' originated from the Latin word 'estimatus', past participle of 'estimare' meaning 'to value, estimate, or esteem'. The concept of estimation has been essential in various fields such as mathematics, statistics, and project management, where approximating values is a common practice.

See also: estimate, estimates, estimating, estimation, estimations, estimator, inestimable, misestimation, overestimate, overestimated, overestimation, underestimate, underestimated, underestimating, underestimation.

Positioned at #1,113, this word is part of core intermediate vocabulary. It appears regularly in various contexts and is essential for natural-sounding English.

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