Definitions for

**"Estimation"**The process of making inferences, based on sample data, about the numerical value of a population parameter.

A set of techniques where the value of a population parameter is inferred from sample data.

Estimation is the process by which sample data are used to indicate the value of an unknown quantity in a population. Results of estimation can be expressed as a single value, known as a point estimate; or a range of values, known as a confidence interval.

Estimation of coefficients for the regression and logit models from data in the baseyear database. The estimation itself is performed by Limdep, software which is not included as part of UrbanSim. However, UrbanSim does have data preparation utilities which create Data Estimation tables that serve as input for similar econometric programs.

Estimation is the cheapest and least accurate form of modelling. This is where an educated guess is taken as to the performance of a specific scenario.

Process to evaluate the worth in money of an asset/product.

an approximation of a measure or calculation based on a strategy such as rounding, front-end estimation, compatible numbers (see also reasonableness of results)

an approximate calculation of quantity or degree or worth; "an estimate of what it would cost"; "a rough idea how long it would take"

Supposition; conjecture.

a cost-effective and reliable means to establish a diagnosis of TBM

To produce credible plans, estimates are required of effort and duration, (and from which cost can be derived), to meet the specified objectives. For the plans to be realistic, it is also necessary to secure the resource commitments in order to undertake the initiative in accordance with the schedule. Cost estimation in the context of software development is notoriously difficult. In order to improve standards of cost estimation, it is necessary to adopt a cost estimation process, based on using different estimation methods and measures at different stages in the project life-cycle, and incorporating feedback mechanisms to improve both individual estimating expertise and the accuracy of estimation models.

An opinion or judgment of the worth, extent, or quantity of anything, formed without using precise data; valuation; as, estimations of distance, magnitude, amount, or moral qualities.

Favorable opinion; esteem; regard; honor.

Exposure Extent of loan

a document appraising the value of something (as for insurance or taxation)

a judgment of the qualities of something or somebody; "many factors are involved in any estimate of human life"; "in my estimation the boy is innocent"

The process of finding a number close to an exact amount.

the respect with which a person is held; "they had a high estimation of his ability"

**Keywords:**act

The act of estimating.