LekhoriLekhoriA rough calculation or assessment of the value, size, or cost of something.
“They know our boats will stand up to their work,” said Willison, “and that counts for a good deal. A low estimate from us doesn't mean scamped work, but just that we want to keep the yard busy over a slack time.”
An upper limitation on some positive quantity.
The desired norm estimate is now obtained from the identity... [referring to an earlier statement saying that a certain norm is less than or equal to a certain expression]
To calculate roughly, often from imperfect data.
I estimate that I need 400 board feet of lumber to complete a job, and then order 350 because I do not want a surplus, or perhaps order 450 because I do not want to make any subsequent orders.
To judge and form an opinion of the value of, from imperfect data.
estimated
From Middle English estimat, borrowed from Latin aestimātus (“valuing, estimate”, only used in the ablative singular: "aestimātū..." (in valuing...)), from aestimō + -tus (“action noun-forming suffix”...
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It is by the weight of silver, and not the name of the piece, that men estimate commodities and exchange them.