Difference between Estimate and Estimation

ESTIMATE vs ESTIMATION: NOUN

A document (or verbal notification) specifying how much a job will probably cost.
A rough calculation or guess.
A valuing or rating by the mind, without actually measuring, weighing, or the like; rough or approximate calculation.
A judgment or opinion as to the value, degree, extent, quantity, etc., of something; especially, a valuing determined by judgment, where exactness is not sought or is not attainable.
A judgment based on one's impressions; an opinion.
A statement of the approximate cost of work to be done, such as a building project or car repairs.
A tentative evaluation or rough calculation, as of worth, quantity, or size.
A document appraising the value of something (as for insurance or taxation)
A statement indicating the likely cost of some job
The respect with which a person is held
An approximate calculation of quantity or degree or worth
Estimation; reputation.
A judgment of the qualities of something or somebody

An approximate calculation of quantity or degree or worth
A judgment of the qualities of something or somebody
The respect with which a person is held
The process of making an estimate.
Supposition; conjecture.
Favorable opinion; esteem; regard; honor.
An opinion or judgment of the worth, extent, or quantity of anything, formed without using precise data; valuation.
The act of estimating.
Estimate, Regard, etc. (see esteem); admiration, reverence, veneration.
Synonyms Appraisement, valuation.
Esteem or favourable regard.
Opinion or judgment in general; especially, favorable opinion held concerning one by others; esteem; regard; honor.
In chem., the process of ascertaining by analysis the quantity of a given substance contained in a compound or mixture.
Calculation; computation; especially, an approximate calculation of the worth, extent, quantity, etc., of something; an estimate: as, an estimation of distance, magnitude, or amount, of moral qualities, etc.
The act of estimating; the act of judging something with respect to value, degree, quantity, etc.
Favorable regard; esteem.
An opinion or judgment.
The amount, extent, position, size, or value reached in an estimate.
The act or an instance of estimating.
A document appraising the value of something (as for insurance or taxation)
Conjecture; supposition; surmise.

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
To from an opinion of, as to amount,, number, etc., from imperfect data, comparison, or experience; to make an estimate of; to calculate roughly; to rate.
To form an opinion about; evaluate.
To calculate approximately (the amount, extent, magnitude, position, or value of something).

Synonyms Value, Prize, Esteem, etc. (see appreciate); to count, judge, appraise.
To esteem; honor.
To form a judgment or opinion regarding the value, size, weight, degree, extent, quantity, etc., of; compute, appraise, or value by judgment, opinion, or approximate calculation; fix the worth of; judge; reckon.

Forecasts, Estimations, Judge, Count on, Idea, Gauge, Reckon, Guess, Appraisal, Approximation, Approximate, Calculate, Figure, Estimation, Forecast

Forecasting, Opinion, Calculate, Evaluation, Calculating, Projection, Estimates, Assessment, Calculations, Calculation, Estimating, Idea, Approximation, Appraisal, Estimate

Forecasts, Estimations, Judge, Count on, Idea, Gauge, Reckon, Guess, Appraisal, Approximation, Approximate, Calculate, Figure, Estimation, Forecast

Valuation, Estimated, Forecasting, Opinion, Calculate, Evaluation, Calculating, Projection, Estimates, Assessment, Calculation, Idea, Approximation, Appraisal, Estimate

Estimate my Medicare plan drug costs Search our database for the drugs you take to estimate your Medicare prescription costs.
Simply include a rough estimate of what your final taxes might be, and subtract this estimate from your total tax payments for the year.
With this Paint and Body Estimate Form you can provide a detailed, and comprehensive, estimate that should satisfy even the pickiest of customers.
Overlap is applied between the current estimate and the Unrelated Damage portion of the estimate.
The quaternion estimate will be used to estimate the magnetometer and accelerometer vectors in body axes.
Finally, the estimate argument is optional but can give an initial estimate of the rate.
Is a Loan Estimate the Same Thing as a Good Faith Estimate?
Do not agree with their estimate unless you independently arrive at the same estimate.
Estimate will make an estimate can download the services provided in full.
Takes time with your home estimate repair estimate is to go!

We have only covered the topic of estimation briefly here because there are various challenges that appear during the estimation process.
With reference to the above classifications, where appropriate, the Estimation Guidelines will then normally provide descriptions of relevant estimation methodologies.
We will talk about the psychology, assumptions, and flaws in: Comparative estimation, Blink Estimation, Planning Poker, and Fibonacci sequence.
There are several types of cost estimation in project management, including fixed, variable, direct, and indirect cost estimation.
If the memory estimation button is disabled, it means that your estimation is up to date.
Analogous Estimation: Using analogous estimation, the precise time spent in a similar activity is noted.
Statistical inference, sampling, point estimation, sampling distribution, hypothesis testing and interval estimation.
Model Estimation Overview The first step in model estimation is acquiring and cleaning data.
Finally, we give tendencies on feature group relevance in the named contexts of heart rate estimation and skin conductivity estimation.
We present three new parameter estimation techniques that generalize the standard approach, maximum likelihood estimation, in different ways.

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