estimate


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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

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]

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 ?
Per capita income of the state calculated over NSDP at current prices is estimated for the year 2018-19 (advance estimates) and 2017-18 (provisional estimates) is Rs 1,90,284 and Rs 1,74,622 respectively.
Auditing standards [AU-C 240.32(b)(ii) and AS 2401.54] also require that auditors track prior years' estimates for evidence of management bias and consider the potential for such bias in evaluating current period estimates.
At the time that the second estimates of GDP for the most recent quarter are released, BEA releases revised estimates for the previous quarter for two components of GDI-private wages and salaries and employer contributions for government social insurance.
The estimate by category of works is the most important economic piece of the project execution.
The auditors also should communicate to the audit committee significant accounting estimates, methods and assumptions.
This "5% rule" remains the fundamental basis for working materiality estimates.
In addition, the sophisticated were also more accurate in their estimates of the number of psychologists who prescribe medications, which suggests they are more knowledgeable about differences between psychologists and psychiatrists.
Standardized mortality (morbidity) ratios (SMRs) are commonly used as estimates of the relative risk.
When an estimate is made using a statistical sample, the estimated value would be expected to be different if a different sample selection was taken from the same population using exactly the same type of sample design and the same sample size.
4) Health Canada estimates that HIV infection costs employee benefit programs 100,000 dollars per employee per year.
Teamwork among all constituents lies at the heart of a successful design-and-construction project estimate. This point may be best illustrated by relating the recent experience of a major university poised to break ground on an academic and research facility: The conceptual budget for the project had been created in a vacuum.
General Accounting Office (GAO) report on the Paperwork Reduction Act (PRA) reveals a record increase in federal agencies' burden estimates. Victor S.