Estimation: meaning, definitions and examples

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estimation

[ ˌɛstɪˈmeɪʃən ]

^{Context #1}

in statistics

An approximation of a value, based on available information and judgment. It is used to provide an educated guess or prediction.

Synonyms

approximation, assessment, evaluation

Examples of usage

Her estimation of the project cost was within 5% of the actual amount.
The estimation of the number of attendees at the event was higher than expected.

^{Context #2}

regarding a person's worth or character

A judgment or opinion about someone's qualities, character, or abilities.

Synonyms

assessment, opinion, view

Examples of usage

I have a high estimation of her skills as a leader.
His estimation in the community is quite positive.

^{Context #3}

regarding the value of something

The perceived value or worth of something, often in terms of money or importance.

Synonyms

appraisal, assessment, valuation

Examples of usage

The estimation of the antique vase was much higher than its actual value.
The estimation of the property was challenging due to fluctuating market prices.

Translations

Translations of the word "estimation" in other languages:

🇵🇹 estimativa

🇮🇳 अनुमान

🇩🇪 Schätzung

🇮🇩 perkiraan

🇺🇦 оцінка

🇵🇱 oszacowanie

🇯🇵 見積もり

🇫🇷 estimation

🇪🇸 estimación

🇹🇷 tahmin

🇰🇷 추정

🇸🇦 تقدير

🇨🇿 odhad

🇸🇰 odhad

🇨🇳 估计

🇸🇮 ocena

🇮🇸 áætlun

🇰🇿 бағалау

🇬🇪 შეფასება

🇦🇿 qiymətləndirmə

🇲🇽 estimación

Word origin

The word 'estimation' originated from the Latin word 'aestimatio' meaning 'a valuation or appraisal'. Over time, it evolved in English to represent both the act of estimating and the value assigned to something. The concept of estimation has been crucial in various fields such as statistics, economics, and personal judgments.