estimator
Parameter inference formula
An estimator is a person who calculates costs or quantities professionally, especially in construction or insurance: The estimator said the roof repair would run twelve thousand.
In statistics, an estimator is a rule or formula for calculating a value from sample data—a way of estimating an unknown parameter from what you can observe.
Unfair inclination or prejudice
- varianceSpread around the mean
- consistencyReliable adherence to standards
- efficiencyProductive without waste
- parameterBoundary-setting factor
sample · unbiased · Bayesian · regression · mean · median · confidence interval · standard error
Hired construction professional
- appraiserEvaluator of monetary worth
- adjusterOne who calibrates
- surveyorOne who measures land
- assessorOne who estimates value
consultant · project manager · underwriter · claims adjuster · home inspector · construction · renovation · insurance
Plan for spending
- priceMonetary value assigned
- expenseMoney paid out
- quoteRepeated words from another
- bidOffer to purchase
breakdown · labor · materials · overhead · markup · contingency · line item · scope
Assessment of monetary worth
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
- appraisalEstimation of worth
- quoteRepeated words from another
bid · pricing · survey · inspection · property · real estate · home value · market analysis
Prediction of future conditions
- projectionSomething that extends outward
- approximationNear but inexact value
- extrapolationExtending data beyond bounds
- guessEstimate without certainty
ballpark · educated guess · guesstimate · conjecture · expectation · anticipated · preliminary · provisional
Tabular data organizer
- templatePreset pattern for reproduction
- calculatorElectronic computation device
- algorithmFinite problem-solving procedure
- formulaFixed method or notation
input · output · variables · parameters · computation · tool · app · widget
bias
Unfair inclination or prejudice
- varianceSpread around the mean
- consistencyReliable adherence to standards
- efficiencyProductive without waste
parameter · sample · unbiased · Bayesian · regression · mean · median · confidence interval · standard error · robust
contractor
Hired construction professional
assessor · consultant · project manager · underwriter · claims adjuster · home inspector · construction · renovation · insurance · bidding
budget
Plan for spending
bid · breakdown · labor · materials · overhead · markup · contingency · line item · scope · change order
valuation
Assessment of monetary worth
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
- appraisalEstimation of worth
quote · bid · pricing · survey · inspection · property · real estate · home value · market analysis · comparable
forecast
Prediction of future conditions
- projectionSomething that extends outward
- approximationNear but inexact value
- extrapolationExtending data beyond bounds
guess · ballpark · educated guess · guesstimate · conjecture · expectation · anticipated · preliminary · provisional · tentative
spreadsheet
Tabular data organizer
- templatePreset pattern for reproduction
- calculatorElectronic computation device
- algorithmFinite problem-solving procedure
formula · input · output · variables · parameters · computation · tool · app · widget · online
- auto jobsauto mechanic, mechanic, diesel mechanic, auto detailer, car detailer
- building professionalsarchitect, structural engineer, civil engineer, construction manager, contractor
- tradeselectrician, plumber, carpenter, welder, mason
- number workersaccountant, bookkeeper, auditor, CPA, bean counter
- control systemsfeedback control, closed loop, open loop, feedback loop, servomechanism
- Estimationeducated guess, guesstimate, ballpark, back of envelope, order of magnitude
estimatorauditor
Financial records examiner
verifier · accountant · actuary · assessor
- rough estimateImprecise preliminary calculation
- ballpark estimateApproximate calculation, not exact
- conservative estimate
- ball-park estimateApproximate calculation, inexact
- lowball estimate
- ballpark estimationApproximate calculation, not precise
estimate, estimation, estimated, underestimate, overestimate, estimating, estimates, underestimated, overestimated