estimation - Meaning in Gujarati

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estimation - Meaning in Gujarati

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Definitions and Meaning of estimation in English

estimation noun

1. a judgment of the qualities of something or somebody

   Synonyms

   estimate

   અંદાજ, અન્વેષણ, આકલન, ખોજ, ગણતરી, ગણના, તપાસ, તલાશ, શોધ

   Examples

   • "in my estimation the boy is innocent"
   • "many factors are involved in any estimate of human life"
2. an approximate calculation of quantity or degree or worth

   Synonyms

   approximation, estimate, idea, idea, idea

   Examples

   • "a rough idea how long it would take"
   • "an estimate of what it would cost"
3. the respect with which a person is held

   Synonyms

   estimate

   Example

   • "they had a high estimation of his ability"
4. a document appraising the value of something (as for insurance or taxation)

   Synonyms

   appraisal, appraisal, estimate

Description

Estimation is the process of finding an estimate or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available. Typically, estimation involves "using the value of a statistic derived from a sample to estimate the value of a corresponding population parameter". The sample provides information that can be projected, through various formal or informal processes, to determine a range most likely to describe the missing information. An estimate that turns out to be incorrect will be an overestimate if the estimate exceeds the actual result and an underestimate if the estimate falls short of the actual result.

Also see "Estimation" on Wikipedia

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