Question

Define the term 'estimation'

Answer 1

Answer:

An approximate calculation of quantity or degree or worth is known as estimation.

Answer 2

Answers:

Estimation is defined as a process to find the value which is close enough to the result.

Explanation:

Estimation is the process in which we find any unknown value and which comes in approximately then it will be the estimated value. Even if we use input un-appropriate or incomplete data and use that value to find the unknown value. An Estimation involves "the use of value from the given sample and determine the unknown value which correspond to the given sample".