Definition of estimate verb from the Oxford Advanced American Dictionary

        

    estimate

     verb
    verb
    NAmE//ˈɛstəˌmeɪt//
     
    [often passive]Verb Forms present simple I / you / we / they estimate
     
    he / she / it estimates
     
    past simple estimated
     
    -ing form estimating
     
     
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  1.  to form an idea of the cost, size, value, etc. of something, but without calculating it exactly estimate something (at something) Police estimate the crowd at 30,000. estimate something to do something The deal is estimated to be worth around $1.5 million. estimate (that)… We estimated (that) it would cost about $5,000. it is estimated (that)… It is estimated (that) the project will last four years. estimate how many, large, etc… It is hard to estimate how many children have dyslexia.
  2.  
    adjective The satellite will cost an estimated $400 million.
  3. AWL Collocationsestimateestimate verbaccurately, correctly, reliably conservatively roughly empirically, quantitatively separatelyThese models were estimated separately for the 2000, 2004, and 2007 data sets.difficult to possible to impossible toPopulation figures are difficult to estimate, with figures ranging from 10 to 16 million.distance, size frequency, rate likelihood, probability abundance, prevalence varianceMeasuring risk means estimating the probability of an occurrence as a result of a specific event.overestimate verbgreatly, grossly consistently systematicallyForecasters tended to systematically overestimate inflation.tend toPeople tend to overestimate their activity levels, so Wyatt asked participants in the study to wear pedometers.underestimate verbgrossly systematically likelyThese statistics grossly underestimate the number of unemployed.estimated adjectiveprobability percent prevalence variance costTable 2 reports the estimated prevalence of work-related asthma.estimate nounaccurate, precise, reliable reasonable unbiased biased conservative roughSufficient information exists to support reasonable estimates of life expectancy.calculate, compute derive obtain reviseEstimates are calculated using the method of maximum likelihood.be based onMost available demographic estimates are based on one or two years of data.differ, range, vary indicate, suggestEstimates of the number of species range between 3.6 million and 100 million.according toBangladesh is approximately the size of Wisconsin, yet it has a population of more than 130 million, according to a 1996 estimate.
See the Oxford Advanced Learner's Dictionary entry: estimate

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