ESTIMATES Meaning and
Definition
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Estimates refer to the calculated approximations or assessments made to determine the value, quantity, size, or extent of something. They are often based on careful evaluation, analysis, or judgment, serving as educated, informed guesses or predictions rather than definitive facts or precise measurements.
In various fields, estimates are used to forecast or quantify variables that are difficult to determine with complete accuracy. For instance, in finance, estimates play a crucial role in valuing assets, such as stocks or real estate, by taking into account factors like historical data, market trends, and expert opinions.
In the construction industry, estimates are essential for determining the cost and timeline of projects. Construction estimates consider factors such as labor, materials, equipment, and overhead expenses to provide a projected budget and schedule.
Similarly, in scientific research, estimates play a significant role in making assumptions, approximations, or predictions about phenomena that cannot be directly observed or measured. Whether in environmental studies, geological assessments, or statistical analysis, estimates help scientists make informed decisions and draw conclusions based on the available data.
Estimates can also be used in everyday situations, such as estimating the time it takes to travel from one place to another or estimating the number of attendees at an event. While estimates are not exact measures, they provide valuable insights and assist in planning, decision-making, and resource allocation.
Top Common Misspellings for ESTIMATES *
* 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 ESTIMATES
Etymology of ESTIMATES
The word "estimates" has a Latin origin. It derives from the Latin verb "aestimare", which means "to value" or "to calculate". This verb later gave rise to the noun "aestimatio", meaning "a valuation" or "a reckoning". Over time, the term was borrowed into Middle French as "estimer", which means "to estimate" or "to appraise". Eventually, the word made its way into the English language, where it retained its meaning of calculating or judging the approximate value, amount, size, or importance of something.
Similar spelling words for ESTIMATES
Conjugate verb Estimates
CONDITIONAL
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would estimate
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FUTURE
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FUTURE PERFECT
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will have estimated
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PAST
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PAST PERFECT
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PRESENT
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estimate
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PRESENT PERFECT
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have estimated
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am estimating
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