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- DictionaryEs·ti·ma·tion/ˌestəˈmāSHən/
noun
- 1. a rough calculation of the value, number, quantity, or extent of something: "estimations of protein concentrations"
noun
Process of finding an estimate, or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable
Estimation (or estimating) is the process of finding an estimate or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available. Typically, estimation involves "using the value of a statistic derived from a sample to estimate the value of a cor... Wikipedia