To make an estimate
Example: They make an estimate based on data
Definition
"To make an estimate" means to calculate or judge the approximate value, number, or extent of something based on available information, rather than exact measurement. For example, they make an estimate based on data to predict future outcomes.
Etymology
The phrase "to make an estimate" combines the verb 'make,' from Old English 'macian,' meaning to create or produce, with 'estimate,' derived from Latin 'aestimare,' meaning to value or assess. Did you know? The word 'estimate' originally related to financial appraisal before broadening to general approximation.
