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What are estimates?

April 26, 2017estimates

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10 Posted

What are estimates?

2 Answers

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Posted

Often it is not possible to calculate an absolutely exact figure for a measurement. An estimate is an approximate value with a specfic level of uncertainty or precision. The true figure must be close to the estimated result, and the range of uncertainty can be expressed as outlined below.

0

Posted

Often it is not possible to calculate an absolutely exact figure for a measurement. An estimate is an approximate value with a specfic level of uncertainty or precision. The true figure must be close to the estimated result, and the range of uncertainty can be expressed as outlined below.