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estimation |
Also found in: Dictionary/thesaurus, Medical, Acronyms, Wikipedia, Hutchinson | 0.03 sec. |
estimationIn mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. In calculus, it usually refers to an initial guess for a solution to an equation, which is gradually refined by a process that generates closer estimates. The difference between the estimate and the exact value is the error. |
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| In respect of military method, we have, firstly, Measurement; secondly, Estimation of quantity; thirdly, Calculation; fourthly, Balancing of chances; fifthly, Victory. But ordinary expense, ought to be limited by a man's estate; and governed with such regard, as it be within his compass; and not subject to deceit and abuse of servants; and ordered to the best show, that the bills may be less than the estimation abroad. But that was certainly very coolly done by him, and every one knows that in most people's estimation, to do anything coolly is to do it genteelly. |
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estimation