ESTIMATE Meaning and
Definition
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An estimate refers to an approximate calculation or judgment made about the value, quantity, size, cost, or extent of something, usually based on limited or incomplete information. It involves a careful evaluation, which may involve predicting or guessing certain aspects or outcomes based on available data or experience. Estimates are commonly used in different fields such as business, economics, finance, construction, and science, where a precise measurement or determination may not be possible or practical.
In business or finance, an estimate typically refers to a projected calculation of costs, profits, revenues, or other financial indicators. These estimates are essential in planning and decision-making processes, helping in setting budgets, pricing strategies, and evaluating the feasibility of projects or investments.
In construction, an estimate refers to an approximation of the time, effort, and materials required to complete a project. Construction estimates are essential in creating project proposals, securing contracts, and managing resources effectively.
In the scientific realm, estimates are often used when precise measurements are unattainable or when dealing with complex phenomena. Scientists rely on estimates to make predictions, establish trends, and develop models to understand and explain natural phenomena.
Overall, an estimate is an educated guess or calculation made in various disciplines and industries, involving the use of available information and expertise to reach an approximate value or judgment when precise measurements or determinations are impractical or unavailable.
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• To form an opinion of the value of, or expense of; to fix the value by comparison and from experience; to calculate.
• The computed cost of anything; a valuing or rating by the mind; a valuation.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for ESTIMATE *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for ESTIMATE
Etymology of ESTIMATE
The word estimate originates from the Latin term aestimare, which means to value or appraise. It was derived from the Proto-Indo-European root *ais- meaning to sense or perceive.
Idioms with the word ESTIMATE
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estimate the cost at
The idiom "estimate the cost at" means to make a calculated guess or approximation regarding the amount of money that would be required for a particular project, item, or service. It involves assessing and predicting the overall expenses involved in a given situation.
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ballpark estimate
A "ballpark estimate" refers to an approximate or rough calculation or guess, often made based on limited information or estimation. It implies a broad range of values within which the actual amount or figure may fall, without being overly precise or detailed. The term is commonly used in situations where an accurate measurement or precise number is not necessary, and a general estimate is sufficient.
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a ballpark estimate
A "ballpark estimate" is an approximate or rough calculation or guess that gives someone a general idea or range of something, especially a quantity or cost, without being too specific or precise.
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estimate the cost at (something)
The idiomatic expression "estimate the cost at (something)" means to make a rough calculation or approximation of the expense or price of something. It involves providing a rough estimation or an educated guess of how much something will cost.
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a ballpark estimate/figure
The idiom "a ballpark estimate/figure" refers to an approximate calculation or guess, usually regarding a quantity or cost. It suggests an educated guess or rough estimation that may not be exact, but is in the general range or vicinity of the actual value.
Similar spelling words for ESTIMATE
Conjugate verb Estimate
CONDITIONAL PERFECT
I
would have estimated
you
would have estimated
he/she/it
would have estimated
we
would have estimated
they
would have estimated
I
would have estimate
you
would have estimate
he/she/it
would have estimate
we
would have estimate
they
would have estimate
CONDITIONAL PERFECT PROGRESSIVE
I
would have been estimating
you
would have been estimating
he/she/it
would have been estimating
we
would have been estimating
they
would have been estimating
CONDITIONAL PRESENT
I
would estimate
you
would estimate
he/she/it
would estimate
we
would estimate
they
would estimate
CONDITIONAL PRESENT PROGRESSIVE
I
would be estimating
you
would be estimating
he/she/it
would be estimating
we
would be estimating
they
would be estimating
FUTURE
I
will estimate
you
will estimate
he/she/it
will estimate
we
will estimate
they
will estimate
FUTURE CONTINUOUS
I
will be estimating
you
will be estimating
he/she/it
will be estimating
we
will be estimating
they
will be estimating
FUTURE PERFECT
I
will have estimated
you
will have estimated
he/she/it
will have estimated
we
will have estimated
they
will have estimated
FUTURE PERFECT CONTINUOUS
I
will have been estimating
you
will have been estimating
he/she/it
will have been estimating
we
will have been estimating
they
will have been estimating
IMPERATIVE
you
estimate
we
let´s estimate
to estimate
PAST CONTINUOUS
I
was estimating
you
were estimating
he/she/it
was estimating
we
were estimating
they
were estimating
PAST PARTICIPLE
estimated
PAST PERFECT
I
had estimated
you
had estimated
he/she/it
had estimated
we
had estimated
they
had estimated
PAST PERFECT CONTINUOUS
I
had been estimating
you
had been estimating
he/she/it
had been estimating
we
had been estimating
they
had been estimating
PRESENT
I
estimate
you
estimate
he/she/it
estimates
we
estimate
they
estimate
PRESENT CONTINUOUS
I
am estimating
you
are estimating
he/she/it
is estimating
we
are estimating
they
are estimating
PRESENT PARTICIPLE
estimating
PRESENT PERFECT
I
have estimated
you
have estimated
he/she/it
has estimated
we
have estimated
they
have estimated
PRESENT PERFECT CONTINUOUS
I
have been estimating
you
have been estimating
he/she/it
has been estimating
we
have been estimating
they
have been estimating
PRESENT SUBJUNCTIVE
he/she/it
estimate
SIMPLE PAST
I
estimated
you
estimated
he/she/it
estimated
we
estimated
they
estimated
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