Word Noun
estimator
n.
countable
C1 Advanced US /ˈɛstɪˌmeɪtɝ/ UK /ˈɛstɪmˌeɪtɐ/ es·ti·ma·tor UK spelling estimators
Definition
n.a person or a tool that calculates the cost or time needed for a job. In math, it is a rule or formula used to guess the value of something based on data.
n.a person or device that calculates the cost, time, or quantity of a task. In statistical contexts, it refers to a rule or function used to infer the value of a population parameter from sample data.
Examples
“The contractor sent an estimator to measure the room.”
“The software acts as a cost estimator, providing a detailed breakdown of materials and labor required for the renovation.”
“In econometrics, a consistent estimator is one that converges in probability to the true parameter value as the sample size increases, ensuring that the model remains reliable with more data.”
This entry
Level C1 · Advanced
Frequency Occasional
Updated