REESTIMATION Meaning and
Definition
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Reestimation is a noun that refers to the act, process, or result of reassessing, reevaluating, or recalculating something, particularly in terms of estimation or measurement. It involves going back or revisiting previous estimations or calculations in order to adjust or correct them based on new information, improved methods, or changing circumstances.
In various fields such as statistics, mathematics, data analysis, and project management, reestimation is a crucial activity to ensure accuracy, reliability, and validity of results or predictions. It may involve revisiting initial assumptions, parameters, or models, and applying new techniques or algorithms to gather more precise or up-to-date estimations. Reestimation is especially important in situations where initial estimations are found to be flawed, imprecise, or incomplete.
For instance, in statistical inference, reestimation might involve recalculating certain statistical measures or updating probability distributions based on additional data points or improved measurement procedures. Similarly, in project management, reestimation might occur when unexpected developments or changes require revisiting and adjusting project timelines, resource requirements, or cost estimations.
Overall, reestimation is a dynamic process that allows for refinement, correction, or validation of previous estimations or calculations in order to enhance the accuracy, reliability, and relevance of the final results. It enables practitioners, researchers, or analysts to improve their understanding, make informed decisions, and achieve better outcomes in their respective fields.
Common Misspellings for REESTIMATION
- eeestimation
- deestimation
- feestimation
- teestimation
- 5eestimation
- 4eestimation
- rwestimation
- rsestimation
- rdestimation
- rrestimation
- r4estimation
- r3estimation
- rewstimation
- resstimation
- redstimation
- rerstimation
- re4stimation
- re3stimation
- reeatimation
- reeztimation
Etymology of REESTIMATION
The word "reestimation" is derived from the combination of two elements: "re-" and "estimation".
1. "Re-" is a prefix derived from the Latin word "re-", meaning "again" or "back". It is used to indicate repetition, restoration, or intensity, among other things.
2. "Estimation" is derived from the Latin word "aestimare" which means "to value" or "to estimate".
Putting these elements together, "reestimation" refers to the act of estimating or valuing something again, or revising and reassessing an initial estimation.
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