"Estimator" Pronounce,Meaning And Examples

"Estimator" Natural Recordings by Native Speakers

Estimator

"Estimator" Meaning

An estimator is a person or thing that evaluates or calculates the value or extent of something, such as the cost or amount of something. In statistics, an estimator is a function that takes a random sample as input and produces a single value that is an estimate of a population parameter. In business, an estimator is a person who calculates the cost or value of a project or proposal.

"Estimator" Examples

Usage Examples: Estimator

1. Statistics

The marketing firm used an estimator to calculate the average cost per lead for their latest campaign.

2. Construction

The project manager hired an estimator to calculate the costs of building materials and labor for the new office complex.

3. Business

The CFO used an estimator to project the company's revenue for the next quarter, taking into account market trends and competitor analysis.

4. Science

The researcher used an estimator to calculate the velocity of the spacecraft, based on data collected during its orbit around the planet.

5. Economics

The economist used an estimator to calculate the inflation rate for the past year, taking into account changes in consumer prices and GDP.

"Estimator" Similar Words

Estimably

In a word, "estimably" is an adverb that means "in an estimable or respectable manner" or "in a way that is worthy of estimation or respect". It indicates that something is being done or has been done in a way that commands respect, approval, or admiration.

Estimate

Estimated

Estimated refers to a value or a quantity that has been calculated or predicted, but is not necessarily exact or precise. It suggests that the actual value may be slightly different from the one given.

Estimates

Estimates refer to the approximate or probable values, results, or quantities of something, often based on incomplete or limited information. It can also mean to forecast or make an educated guess about the outcome of a situation.

Estimating

Estimating refers to the process of making a rough or approximate calculation or prediction about the size, amount, or duration of something. It involves making an educated guess or an informed judgment about a quantity, circumstance, or outcome without exact information. Estimating is often used in various fields such as construction, finance, and science to plan and budget for future events or projects.

Estimation

An estimation is a rough or approximate calculation or judgment of the amount, size, or value of something, often based on available data or information.

Estimations

Estimations refer to predictions or inferences about something that are not based on exact or certain information. They are often uncertain or approximate, and may involve making educated guesses or using statistical methods to calculate a likelihood or probability.

Estimative

Estimators

Estimators are mathematical formulas or techniques used to calculate the value of a parameter or quantity of interest, often based on a sample of data. Estimators are used in statistics and data analysis to make inferences about a population or process based on a limited sample of data. In other words, they are used to estimate the value of a population parameter (such as a mean, proportion, or variance) based on a random sample of data from that population. There are different types of estimators, including unbiased estimators, unbiased risk estimators, and minimum variance unbiased estimators, each with its own set of properties and characteristics.