The Demopædia Encyclopedia on Population is under heavy modernization and maintenance. Outputs could look bizarre, sorry for the temporary inconvenience

Estimate (n.)

From Demopædia
Revision as of 11:18, 14 February 2010 by NBBot (talk | contribs) (Eugen Grebenik et al., first edition 1958)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search
Estimate (n.)  (ESTIMATE (n.))

Where insufficient data exist to fix the value of a given variable accurately, attempts may be made to estimate1 this value. The process is called estimation2 and the resulting value an estimate3. Where data are practically non-existent a conjecture4 may sometimes be made to fix the variable’s order of magnitude5.