estimate | |
—vb | |
1. | to form an approximate idea of (distance, size, cost, etc); calculate roughly; gauge |
2. | (tr; may take a clause as object) to form an opinion about; judge: to estimate one's chances |
3. | to submit (an approximate price) for (a job) to a prospective client |
4. | (tr) statistics See estimator to assign a value (a point estimate) or range of values (an interval estimate) to a parameter of a population on the basis of sampling statistics |
—n | |
5. | an approximate calculation |
6. | a statement indicating the likely charge for or cost of certain work |
7. | a judgment; appraisal; opinion |
[C16: from Latin aestimāre to assess the worth of, of obscure origin] | |
'estimative | |
—adj |
estimator (ˈɛstɪˌmeɪtə) | |
—n | |
1. | a person or thing that estimates |
2. | statistics See also sampling statistic a derived random variable that generates estimates of a parameter of a given distribution, such as ̄X, the mean of a number of identically distributed random variables X_{i}. If ̄X is unbiased, ̄x, the observed value should be close to E(X_{i}) |