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 ?
estimative assessments at any stage of the analytic process.
The calculation of this estimative method is depicted for the example of the wall insulation.
The estimatives show that LogSCHOOL, LogLABOUR, LogTRADE, and LogAREA are significant level of 1%.
In Brazil, according to the latest estimative (Brazil, 2008), 44.2% of the adult population, about 81 million people, are overweight or obese, generating direct costs of 4.3% of the budget in the health of the country, equivalent to US$ 36 million (Sichieri, Nascimento and Coutinho, 2007).
The estimate notes that despite Castro's vigorous efforts to secure a security guarantee, the Soviet Bloc "has avoided any explicit military commitment to defend Cuba." Later, the assessment uses much stronger estimative language, stating that, "the USSR would almost certainly not intervene directly with its own forces" were Castro's regime overthrown by internal or external forces and that although the Soviets would respond to an overthrow with strong political action, the USSR "would almost certainly never intend to hazard its own safety for the sake of Cuba" (all emphases mine).
Sherman Kent, the father of intelligence analysis, captured these risks in his classic essay "Words of Estimative Probability," showing how leaders can be misled by ambiguous expressions of uncertainty.
However, estimative analysis and prospecting future scenarios is extremely complex; being 100% accurate is impossible.
the NIC and of the national estimative process have not yet been fully
Such concepts involve notions of length and area, measurement and estimative, angle and symmetry, strength and balance, and have developed in the practical and personal experience in roof construction, but also by social transmission, through the mediation of language, learning with guidance or reported experience of teachers or fellow craftsmen.