From Wikipedia the free encyclopedia
Estimation is the calculated approximation of a result which is usable even if input data may be incomplete or uncertain.
In statistics see estimation theory estimator.
In mathematics approximation or estimation typically means finding upper or lower bounds of a quantity that cannot readily be computed precisely and is also an educated guess . While initial results may be unusably uncertain recursive input from output can purify results to be approximately accurate certain complete and noise-free.
In project management see estimation .
See also
- Estimation theory
- "Estimated" sign
- Fermi problem
- Guesstimate
- Estimatation
- Optimism bias
- Reference class forecasting
- Sample size
Construction Estimating- www.aspenational.org
External links
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Estimation
