What is what does estimate mean?

Estimate means to make a rough calculation or prediction based on available information or data. It is an educated guess that is not necessarily precise or accurate but is generally accepted as a reasonable approximation. An estimate can be made in various fields such as finance, construction, engineering, and statistics, among others. It can provide an idea of how much time, money, or resources may be needed for a project, task, or assignment. Accuracy in estimation is important, especially in business, as it can affect profitability, feasibility, and decision-making.