estimation

Vocabulary Word

Definition

Estimation is making an educated guess about the value, quantity, or outcome of something. It's using available information to predict something without knowing the exact answer.

Examples in Different Contexts

In impact analysis, 'estimation' involves assessing the likely effects or outcomes of specific actions or interventions. An impact evaluator might assert, 'Our estimation of the project’s impact will determine its feasibility and long-term sustainability.'

Practice Scenarios

Tech

Scenario:

We're looking to add a new feature to our app. How long do you think the coding and testing process will take?

Response:

Considering the complexity of this feature, my estimation is that the coding and testing process will take about three weeks.

Academics

Scenario:

Our research study looks at climate change solutions. Can we estimate the positive impact of increased renewable energy usage?

Response:

Based on current research, we estimate a 20% reduction in carbon emissions with increased usage of renewable energy.