Estimation vs. Approximation

Estimationnoun

The process of making an estimate.

Approximationnoun

The act, process or result of approximating.

Estimationnoun

The amount, extent, position, size, or value reached in an estimate.

Approximationnoun

(mathematics) An imprecise solution or result that is adequate for a defined purpose.

Estimationnoun

Esteem or favourable regard.

Approximationnoun

(medicine) The act of bringing together the edges of tissue to be sutured.

Estimationnoun

The act of estimating.

Approximationnoun

The act of approximating; a drawing, advancing or being near; approach; also, the result of approximating.

‘The largest capacity and the most noble dispositions are but an approximation to the proper standard and true symmetry of human nature.’;

Estimationnoun

An opinion or judgment of the worth, extent, or quantity of anything, formed without using precise data; valuation; as, estimations of distance, magnitude, amount, or moral qualities.

‘If he be poorer that thy estimation, then he shall present himself before the priest, and the priest, and the priest shall value him.’;

Approximationnoun

An approach to a correct estimate, calculation, or conception, or to a given quantity, quality, etc.

Estimationnoun

Favorable opinion; esteem; regard; honor.

‘I shall have estimation among multitude, and honor with the elders.’;

Approximationnoun

A continual approach or coming nearer to a result; as, to solve an equation by approximation.

Estimationnoun

Supposition; conjecture.

‘I speak not this in estimation,As what I think might be, but what I know.’;

Approximationnoun

an approximate calculation of quantity or degree or worth;

‘an estimate of what it would cost’; ‘a rough idea how long it would take’;

Estimationnoun

an approximate calculation of quantity or degree or worth;

‘an estimate of what it would cost’; ‘a rough idea how long it would take’;

Approximationnoun

the quality of coming near to identity (especially close in quantity)

Estimationnoun

a document appraising the value of something (as for insurance or taxation)

Approximationnoun

an imprecise or incomplete account;

‘newspapers gave only an approximation of the actual events’;

Estimationnoun

the respect with which a person is held;

‘they had a high estimation of his ability’;

Approximationnoun

the act of bringing near or bringing together especially the cut edges of tissue

Estimationnoun

a judgment of the qualities of something or somebody;

‘many factors are involved in any estimate of human life’; ‘in my estimation the boy is innocent’;

Approximation

An approximation is anything that is intentionally similar but not exactly equal to something else.

Estimation

Estimation (or estimating) is the process of finding an estimate, or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available.