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 esti...
t.] 1. To judge and form an opinion of the value of, from imperfect data, -- either the extrinsic (money), or intrinsic (moral), value; to fix the worth of roughly or in a general way; as, to estimate the value of goods or land; to estimate the worth or talents of a person...
The meaning of ESTIMATE is to judge tentatively or approximately the value, worth, or significance of. How to use estimate in a sentence. Synonym Discussion of Estimate.
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The contractor'sestimatefor the job seemed high. 3 :an opinion or judgment about how good or bad something is [singular] He has a highestimate[=opinion,estimation] of his own abilities. [noncount] The company's products are, by generalestimate, poorly made....
1.To calculate approximately (the amount, extent, magnitude, position, or value of something). 2.To form an opinion about; evaluate:"While an author is yet living we estimate his powers by his worst performance"(Samuel Johnson). n.(-mĭt) ...
a. The act or an instance of estimating: Estimation of the storm damage took weeks. b. The amount, extent, position, size, or value reached in an estimate: the cost estimation is $500. 2. An opinion or judgment: In my estimation, that is a good book. 3. Favorable regard; esteem:...
We guessed at the weight of the package. to estimate or conjecture correctly. noun an opinion that one reaches or to which one commits oneself on the basis of probability alone or in the absence of any evidence whatever. Synonyms:supposition ...
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The meaning of RATE is a quantity, amount, or degree of something measured per unit of something else. How to use rate in a sentence. Synonym Discussion of Rate.