estimate

(redirected from estimating)
Also found in: Dictionary, Thesaurus, Legal, Financial, Idioms, Encyclopedia.

estimate

 [es´tĭ-ma]
1. a rough calculation or one based on incomplete data.
2. a statistic used to characterize the value of a population parameter. Called also estimator.
3. (es´tĭ-māt) to produce or use such a calculation or statistic.

es·ti·mate

(es'tĭ-māt),
1. A measurement or a statement about the value of some quantity that is known, believed, or suspected to incorporate some degree of error.
2. The result of applying any estimator to a random sample of data. It is not a random variable but a realization of one, a fixed quantity, and it has no variance although commonly it also furnishes an estimate of what the variance of the estimator is. (Not to be confused with an estimator, which is a prescription for obtaining an estimate.)
[L. aestimo, pp. aestimatum, to appraise]

estimate

/es·ti·mate/
1. (es´tĭ-mat) a rough calculation or one based on incomplete data.
2. (es´tĭ-mat) a statistic used to characterize the value of a population parameter.
3. (es´tĭ-māt) to produce or use such a calculation or statistic.

estimate

A popular term for an educated guess about a thing or process. See Cookie cutter estimate, Demand-based estimate, Objective probability estimate, Subjective probability estimate.

es·ti·mate

(es'ti-măt)
1. A measurement or a statement about the value of some quantity that is known, believed, or suspected to incorporate some degree of error.
2. The result of applying any estimator to a random sample of data. It is not a random variable but a realization of one, a fixed quantity, and it has no variance although commonly it also furnishes an estimate of what the variance of the estimator is. usage note Not to be confused with an estimator, which is a prescription for obtaining an estimate.
[L. aestimo, pp. aestimatum, to appraise]

es·ti·mate

(es'ti-măt)
1. A measurement or a statement about the value of some quantity that is known, believed, or suspected to incorporate some degree of error.
2. The result of applying any estimator to a random sample of data.
[L. aestimo, pp. aestimatum, to appraise]

estimate,

n the anticipated fee for dental services to be performed.

estimate

a measurement which is believed likely to incorporate a degree of error.

Patient discussion about estimate

Q. Hi friends, I like to estimate my body fat based on my height and weight. Hi friends, I like to estimate my body fat based on my height and weight. When I enquired about this I heard about BMI. Though I understood little about it I want to know more about what is BMI and why is it useful?

A. the BMI is not a very good method...it only helps if you are an average person. you can gain weight if you start training and still get in shape and loose fat. but it is our only cheap method...there are gyms that hold a way of measuring body fat- maybe try going to one of those?

More discussions about estimate
References in periodicals archive ?
Complete flexibility for any type of estimating need.
The implementation and use of in house data retrieved from past projects can offer insight for estimators in estimating their organizations' future demolition projects.
Does Estimating Shrinkage Meet the Best Accounting Practice Requirement?
Chapter 14 - An Introduction To Estimating Web Based Projects
As a practical matter, this part of the test should not create any problems for most taxpayers that are currently estimating shrinkage.
Work performed by Dalesford, an independent Australian specialist who has had direct access to all of the detail of the Ausenco estimating department in Perth, has been determined as professional and convincing.
Xactimate is widely used by insurance carriers, independent adjusters, restoration contractors, and cleaning specialists for estimating the restoration costs on homes and businesses across the U.
Hi-Tech Collision, a leading automotive repair business in Southern California, will implement CCC Pathways(R) Estimating Solution with Digital Imaging, CCC Pathways Enterprise Solution(R), CCC Accumark(TM) Advisor, CCC Connect(TM) and CCC Autoverse(R) Repair Management Dispatch in each of its eleven locations.
There is less room than ever for error in estimating complex IT projects," said Henk Keukenkamp, an experienced project manager who founded SCOPE iT.
Factors that could cause actual results to differ materially include changes in crude oil and natural gas prices; unsuccessful exploratory and development drilling; failure to achieve expected reserve or production levels for existing and future projects due to operating hazards, drilling risks, and the inherent engineering uncertainties in estimating oil and gas reserves; difficulties or cost-overruns in constructing production facilities; potential disruption or interruption of the Company's facilities and operations due to accidents or political events; general domestic and international economic and political conditions; and other matters set forth in the Company's periodic filings with the Securities and Exchange Commission.
announced today that it is supplying free online access to Procedure pages (P-pages) for its print and electronic estimating products.
Owners, developers and construction contractors can now turn their rough ideas into conceptual estimates with near pinpoint accuracy using the latest version of Model Estimating.

Full browser ?