Estimate vs. Forecast

Estimate vs. Forecast — Is There a Difference?
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Difference Between Estimate and Forecast

Estimatenoun

A rough calculation or assessment of the value, size, or cost of something.

Forecastverb

To estimate how something will be in the future.

to forecast the weatherto forecast a storm

Estimatenoun

(construction and business) A document (or verbal notification) specifying how much a job is likely to cost.

Forecastverb

(obsolete) To contrive or plan beforehand.

Estimatenoun

An upper limitation on some positive quantity.

Forecastnoun

An estimation of a future condition.

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Estimateverb

To calculate roughly, often from imperfect data.

Forecastnoun

A prediction of the weather.

Estimateverb

To judge and form an opinion of the value of, from imperfect data.

Forecastnoun

(betting) Exacta.

Estimatenoun

an approximate calculation of quantity or degree or worth;

an estimate of what it would costa rough idea how long it would take

Forecastnoun

a prediction about how something (as the weather) will develop

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Estimatenoun

a judgment of the qualities of something or somebody;

many factors are involved in any estimate of human lifein my estimation the boy is innocent

Forecastverb

predict in advance

Estimatenoun

a document appraising the value of something (as for insurance or taxation)

Forecastverb

judge to be probable

Estimatenoun

a statement indicating the likely cost of some job;

he got an estimate from the car repair shop

Forecastverb

indicate by signs;

These signs bode bad news

Estimatenoun

the respect with which a person is held;

they had a high estimation of his ability

Estimateverb

judge tentatively or form an estimate of (quantities or time);

I estimate this chicken to weigh three pounds

Estimateverb

judge to be probable