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Estimator: meaning, definitions and examples

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estimator

 

[ˈɛstɪˌmeɪtər ]

Definitions

Context #1 | Noun

mathematical

A person who estimates or calculates the value, amount, size, or extent of something.

Synonyms

calculator, evaluator, predictor.

Which Synonym Should You Choose?

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Word Description / Examples
estimator

Used in professional or technical settings, especially in fields like construction, statistics, and project management, to estimate values, quantities, or costs.

  • The project estimator calculated the total cost of the new building.
  • We need an experienced estimator to predict the budget for this next quarter.
calculator

Commonly refers to a device or software used to perform mathematical computations. It is widely used in everyday contexts, education, and various professions.

  • She used her calculator to solve the math problems.
  • I have a calculator app on my phone for quick calculations.
evaluator

Typically used in contexts where assessment of quality, value, performance, or condition is required. Often relevant in education, job performance reviews, and product assessments.

  • The evaluator gave constructive feedback on the employee's performance.
  • We need an independent evaluator to assess the quality of the new software.
predictor

Used when referring to factors, models, or tools that forecast future events or outcomes based on current data. Common in weather forecasting, finance, and scientific research.

  • The weather predictor showed that it might rain tomorrow.
  • In finance, past performance is not always a reliable predictor of future success.

Examples of usage

  • The estimator used various statistical methods to predict the outcome.
  • The estimator provided a rough estimate of the project cost.
Context #2 | Noun

construction

A person who calculates the likely cost of a job or project.

Synonyms

appraiser, assessor, valuator.

Which Synonym Should You Choose?

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Word Description / Examples
estimator

Used in construction, project management or budgeting scenarios to calculate and predict costs, resources, time, or other parameters required for a project.

  • The project manager assigned an estimator to compute the total cost of building the new hospital.
  • An accurate estimator is crucial for staying within budget.
appraiser

Primarily used in real estate or other property-related industries. An appraiser estimates the value of properties, goods, or other assets.

  • The bank sent an appraiser to assess the true market value of the house.
  • An antique appraiser examined the rare painting to determine its worth.
assessor

Often used in governmental or educational settings. An assessor evaluates property values for tax purposes or academic performance.

  • The city employed several assessors to determine property taxes for residents.
  • An independent assessor was brought in to evaluate the students' projects.
valuator

Typically applied in business and finance contexts, particularly for determining the value of businesses, stocks, or financial instruments.

  • The startup hired a valuator to estimate its market worth before seeking investors.
  • Before the merger, an independent valuator was consulted to determine the company's value.

Examples of usage

  • The estimator provided a quote for the renovation work.
  • The estimator was responsible for determining the materials needed for the construction project.
Context #3 | Noun

software development

A tool or function that provides an estimated value based on given input parameters.

Synonyms

calculator, planner, predictor.

Which Synonym Should You Choose?

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Word Description / Examples
estimator

An estimator is used in professional or technical settings to approximate values, costs, or quantities. It is often used in construction, finance, or statistical analysis.

  • The estimator calculated the total cost of the building project.
  • Our team's estimator predicted the budget required for the new development.
predictor

A predictor is used to forecast future events or trends. It is often applied in statistical analysis, weather forecasting, and market analysis.

  • The economic predictor suggests a downturn in the market.
  • Meteorologists rely on sophisticated predictors to forecast the weather accurately.
calculator

A calculator is a device or software used for performing mathematical calculations. It is used in educational settings, everyday tasks, and scientific work.

  • I used a calculator to solve the math problem.
  • The scientist used a calculator to complete the complex equation.
planner

A planner refers to a person or tool that helps to organize tasks, schedules, or events. Commonly used in personal, academic, and professional contexts.

  • My planner helps me keep track of my daily tasks.
  • The event planner organized the entire wedding.

Examples of usage

  • The software estimator helped developers plan and allocate resources efficiently.
  • The estimator function returned an estimated time for the task completion.

Interesting Facts

Etymology

  • The word originates from the Latin 'aestimare,' meaning 'to value or assess,' highlighting its connection to calculation.
  • It became prominent in English around the 17th century, initially relating to valuing properties and services.
  • The term evolved as industries expanded, integrating technical and statistical methods for more accuracy.

Mathematics

  • Estimators in statistics are techniques to find out a population’s characteristics based on sample data.
  • Common methods include calculating averages or proportions to make educated guesses about larger sets of data.
  • Good estimators minimize errors, making them crucial in fields like finance and engineering.

Pop Culture

  • In movies, characters often play estimators as problem solvers, who quickly assess situations to make decisions.
  • Reality shows featuring home renovation often include estimators to predict the costs and timelines for projects.
  • Games involving resource management frequently use estimating strategies to allocate resources effectively.

Occupational Significance

  • Estimators are essential in construction, providing accurate cost assessments to ensure projects stay on budget.
  • In manufacturing, estimators analyze production processes, helping businesses improve efficiency and reduce costs.
  • Healthcare utilizes estimators to predict treatment costs and timelines, aiding in patient planning and care.

Psychology

  • Cognitive biases often affect how people make estimates, influencing decisions in personal finance and time management.
  • The planning fallacy explains why individuals underestimate the time needed for tasks, despite past knowledge.
  • Confidence in estimations can lead to overconfidence, misleading people in various real-world scenarios.

Translations

Translations of the word "estimator" in other languages:

🇵🇹 estimador

🇮🇳 अनुमानक (Anumānak)

🇩🇪 Schätzer

🇮🇩 penaksir

🇺🇦 оцінювач

🇵🇱 oszacowujący

🇯🇵 見積もり者 (Mitsumori-sha)

🇫🇷 estimateur

🇪🇸 estimador

🇹🇷 tahminci

🇰🇷 견적자 (Gyeonjeokja)

🇸🇦 مقدِّر (Muqaddir)

🇨🇿 odhadce

🇸🇰 odhadca

🇨🇳 估算者 (Gūsuàn zhě)

🇸🇮 ocenjevalec

🇮🇸 matstæknir

🇰🇿 бағалаушы (bağalawshy)

🇬🇪 შემფასებელი (shemfasebeli)

🇦🇿 qiymətləndirici

🇲🇽 estimador

Word Frequency Rank

At position #13,805, this word is part of sophisticated English vocabulary. It's useful for academic or professional contexts where precise language is needed.