Estimator: meaning, definitions and examples

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.