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Topical Terminology > Estimate



5 Definitions

Estimate

For Estimate we have terms and definitions in 5 topics. The topics are Advertising, Coin Collecting, Construction, Marketing and Teacher Evaluation.



Estimate (Advertising)

The proposed or expected budget for an advertising effort. Prior to the inception of any promotional project or ad campaign, Motto Advertising provides its clients with a detailed cost estimate.


Estimate (Coin Collecting)

A guess as to what a coin will sell for at auction, usually based on price guides and comparable sales.


Estimate (Construction)

The amount of labor, materials, and other costs that a contractor anticipates for a project as summarized in the contractor's bid proposal for the project.


Estimate (Marketing)

A numerical value obtained from a statistical sample and assigned to the population parameter.


Estimate (Teacher Evaluation)

An approximation of a true score, parameter, or value. A rating of a teacher's portfolio is an estimate of the quality of that portfolio and, indirectly, the performance of that teacher. Because no instrument or statistical procedure can provide an exact (or true) score or value, essentially all data are estimates. The smaller the error of measurement, the more precise the estimate of the true score or value. See Error of Measurement, Measure (verb), Obtained Score, Score, True Score.




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