Meaning & Definition of word "Estimation"
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Estimation
/ˌɛstəˈmeɪʃən/
noun:
- 1. A judgment or opinion about the value or worth of something.
- Example: In my estimation, the project is worth pursuing.
- 2. An approximate calculation or judgment regarding the size, amount, or value of something.
- Example: The contractor provided an estimation of the costs involved in the renovation.
- 3. The process of making a judgment about the value, size, or cost of something.
- Example: After careful estimation, we concluded that the trip would be feasible.
- 4. A calculation made using available data or information.
- Example: The estimation of the population growth was based on last year's census data.
Etymology
Early 15th century: from Latin ‘aestimatio’, from ‘aestimare’ meaning 'to value' or 'to rate.'
Common Phrases and Expressions
in my estimation:
according to my judgment or opinion.
rough estimation:
an approximate calculation that is not exact.
in good estimation:
held in high regard or respected.
Related Words
estimate:
A rough calculation or judgment of the value, number, quantity, or extent of something.
assess:
To evaluate or estimate the nature, ability, or quality of.