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  2. Estimation - Wikipedia

    en.wikipedia.org/wiki/Estimation

    The U.S. Government Accountability Office defines a cost estimate as, "the summation of individual cost elements, using established methods and valid data, to estimate the future costs of a program, based on what is known today", and reports that "realistic cost estimating was imperative when making wise decisions in acquiring new systems". [7]

  3. Guesstimate - Wikipedia

    en.wikipedia.org/wiki/Guesstimate

    It is defined as an estimate made without using adequate or complete information, [3] [4] or, more strongly, as an estimate arrived at by guesswork or conjecture. [2] [5] [6] Like the words estimate and guess, guesstimate may be used as a verb or a noun (with the same change in pronunciation as estimate).

  4. Cost estimate - Wikipedia

    en.wikipedia.org/wiki/Cost_estimate

    A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...

  5. Estimator - Wikipedia

    en.wikipedia.org/wiki/Estimator

    In statistics, an estimator is a rule for calculating an estimate of a given quantity based on observed data: thus the rule (the estimator), the quantity of interest (the estimand) and its result (the estimate) are distinguished. [1] For example, the sample mean is a commonly used estimator of the population mean. There are point and interval ...

  6. Basis of estimate - Wikipedia

    en.wikipedia.org/wiki/Basis_of_estimate

    Basis of estimate (BOE) is a tool used in the field of project management by which members of the project team, usually estimators, project managers, ...

  7. Estimate (disambiguation) - Wikipedia

    en.wikipedia.org/wiki/Estimate_(disambiguation)

    An estimate is an approximation based on incomplete information. Estimate may also refer to: Estimates, annual preliminary budget forecasts in the Westminster system of government; Sales quote, estimate of cost provided to a potential buyer; Appraisal (disambiguation), estimate of price provided to a potential seller; Upper and lower bounds in ...

  8. Could changes be coming to Medicare, Medicaid with Dr. Oz ...

    www.aol.com/could-changes-coming-medicare...

    With President-elect Donald Trump's recent announcement of former surgeon-turned-TV host Dr. Mehmet Oz to lead the Centers for Medicare and Medicaid Services (CMS), questions are swirling about ...

  9. Estimation statistics - Wikipedia

    en.wikipedia.org/wiki/Estimation_statistics

    Many significance tests have an estimation counterpart; [26] in almost every case, the test result (or its p-value) can be simply substituted with the effect size and a precision estimate. For example, instead of using Student's t-test, the analyst can compare two independent groups by calculating the mean difference and its 95% confidence ...