Estimation

/ˌɛstəˈmeɪʃən/

Meaning & Definition

noun

A judgment or opinion about the value or worth of something.

In my estimation, the project is worth pursuing.

An approximate calculation or judgment regarding the size, amount, or value of something.

The contractor provided an estimation of the costs involved in the renovation.

The process of making a judgment about the value, size, or cost of something.

After careful estimation, we concluded that the trip would be feasible.

A calculation made using available data or information.

The estimation of the population growth was based on last year's census data.

Early 15th century: from Latin ‘aestimatio’, from ‘aestimare’ meaning 'to value' or 'to rate.'

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.

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.