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Meaning of estimation tool
A device or method used to approximate or calculate the value or extent of something.
Etymology of estimation tool
The word "estimation" comes from the Latin "aestimare," meaning to value or appraise, and the suffix "-tion" which forms a noun indicating a process or result.
The word "tool" comes from the Old English "tōl," meaning instrument or implement, and has been used in English since the 15th century to refer to a device or instrument used for a particular purpose.
Synonyms
Definitions
- A device or system used for calculating or estimating something, especially a quantity or extent.
- * A statistical method or technique used to estimate a parameter or a distribution.
Usage Examples
- The company uses an estimation tool to forecast sales and revenue.
- * The engineer employed an estimation tool to calculate the stress on the bridge.
- * The estimation tool provided a detailed analysis of the project's costs and timeline.
Antonyms
preciseness
exactness
accuracy
certainty
definiteness
confidence
assurance
guarantee
warranty
precision
exactitude
meticulousness
rigor
thoroughness
completeness
finality
decisiveness