Estimator Meaning: Definition, Examples, and Translations
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estimator
[หษstษชหmeษชtษr ]
Definitions
mathematical
A person who estimates or calculates the value, amount, size, or extent of something.
Synonyms
calculator, evaluator, predictor.
Which Synonym Should You Choose?
| 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.
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| calculator |
Commonly refers to a device or software used to perform mathematical computations. It is widely used in everyday contexts, education, and various professions.
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| 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.
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| 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.
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Examples of usage
- The estimator used various statistical methods to predict the outcome.
- The estimator provided a rough estimate of the project cost.
construction
A person who calculates the likely cost of a job or project.
Synonyms
appraiser, assessor, valuator.
Which Synonym Should You Choose?
| 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.
|
| appraiser |
Primarily used in real estate or other property-related industries. An appraiser estimates the value of properties, goods, or other assets.
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| assessor |
Often used in governmental or educational settings. An assessor evaluates property values for tax purposes or academic performance.
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| valuator |
Typically applied in business and finance contexts, particularly for determining the value of businesses, stocks, or financial instruments.
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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.
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?
| 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.
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| predictor |
A predictor is used to forecast future events or trends. It is often applied in statistical analysis, weather forecasting, and market analysis.
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| calculator |
A calculator is a device or software used for performing mathematical calculations. It is used in educational settings, everyday tasks, and scientific work.
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| 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.
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Examples of usage
- The software estimator helped developers plan and allocate resources efficiently.
- The estimator function returned an estimated time for the task completion.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Mathematics
- Estimators in statistics are techniques to find out a populationโs 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.
Origin of 'estimator'
Main points about word origin
- 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.
The word 'estimator' derives from the verb 'estimate', which comes from the Latin word 'aestimare', meaning 'to value or appraise'. The concept of estimation has been crucial in various fields such as mathematics, construction, and software development, leading to the creation of specialized roles and tools known as estimators.
See also: estimate, estimated, estimates, estimating, estimation, estimations, inestimable, misestimation, overestimate, overestimated, overestimation, underestimate, underestimated, underestimating, underestimation.