estimation

Definition

The art of making an educated guess and hoping nobody asks for the detailed math behind it. A process of approximating value, size, or cost when actual data is inconvenient, incomplete, or nonexistent.

Example Usage

The contractor's estimation for the renovation somehow doubled by the time the job was halfway done.

Source: Standard business and mathematics terminology

Related Terms

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top-down

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nexus

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dry

Lacking emotional expression, enthusiasm, or engagement in communication; delivering words flatly or with minimal effort...