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estimation
(redirected from estimations)

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estimation

In 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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If the project is complex, a lot of small estimations will be involved.
Project Cost Estimating by Technopark corp / Automotive community
Cost estimations are made in various ways by different companies.
Enhancing of injection mould quotation accuracy/Survevaluvormi ... by Miko, Balazs; Boor, Ferenc / Proceedings of the Estonian Academy of Sciences: Engineering
If we intend to teach our students effective and meaningful estimation strategies, we need to adopt a mentality that rewards estimations that are improved upon repetition; a more exact estimate is no more "correct" than another reasonable estimate (Muir, 2005).
Guess what ...? Ben Colmer looks at the difference between a "guess" ... by Colmer, Ben / Australian Primary Mathematics Classroom
 
 
 
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