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Translate files 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.
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.